DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter profit of $126.3 million.
On a per-share basis, the Duluth, Georgia-based company said it had profit of $6.37. Earnings, adjusted for non-recurring gains, were $6.35 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.65 per share.
The auto dealership chain posted revenue of $4.24 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $4.36 billion.
Asbury Automotive shares have increased slightly since the beginning of the year. The stock has climbed 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG
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