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Asbury Automotive: Q3 Earnings Snapshot
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ATLANTA (AP) — ATLANTA (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter profit of $105.1 million.

On a per-share basis, the Atlanta-based company said it had net income of $5.84. Earnings, adjusted for non-recurring costs, came to $6.16 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.46 per share.

The auto dealership chain posted revenue of $4.41 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $4.43 billion.

Asbury Automotive shares have fallen 26% since the beginning of the year. The stock has dropped 28% 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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