DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Tuesday reported fourth-quarter profit of $89.1 million.
The Duluth, Georgia-based company said it had profit of $4.59 per share. Earnings, adjusted for non-recurring gains, came to $4.44 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.18 per share.
The auto dealership chain posted revenue of $2.23 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.21 billion.
For the year, the company reported profit of $254.4 million, or $13.18 per share. Revenue was reported as $7.13 billion.
Asbury Automotive shares have increased roughly 4% since the beginning of the year. The stock has risen 52% in the last 12 months.
