DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter net income of $96.2 million.
The Duluth, Georgia-based company said it had net income of $4.96 per share. Earnings, adjusted for non-recurring gains, came to $4.08 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.02 per share.
The auto dealership chain posted revenue of $1.85 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.94 billion.
Asbury Automotive shares have risen slightly more than 4% since the beginning of the year. The stock has climbed 13% in the last 12 months.
