DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter earnings of $147.1 million.
On a per-share basis, the Duluth, Georgia-based company said it had net income of $7.52. Earnings, adjusted for one-time gains and costs, were $7.17 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.80 per share.
The auto dealership chain posted revenue of $4.8 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.69 billion.
Asbury Automotive shares have fallen nearly 4% since the beginning of the year. The stock has risen 5% 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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