DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter earnings of $147 million.
On a per-share basis, the Duluth, Georgia-based company said it had profit of $7.54. Earnings, adjusted for non-recurring gains, were $7.36 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.48 per share.
The auto dealership chain posted revenue of $2.41 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.31 billion.
Asbury Automotive shares have climbed 53% since the beginning of the year. The stock has risen 88% in the last 12 months.
