BLOOMFIELD HILLS, Mich. (AP) __ BLOOMFIELD HILLS, Mich. (AP) __ Penske Automotive Group Inc. (PAG) on Wednesday reported third-quarter earnings of $263.4 million.
The Bloomfield Hills, Michigan-based company said it had net income of $3.92 per share. Earnings, adjusted for non-recurring gains, came to $3.90 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.04 per share.
The auto dealership chain posted revenue of $7.45 billion in the period, meeting Street forecasts.
