Asbury Automotive Group Inc. (ABG) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $55.5 million, or $2.70 per share. This compares with $353.2 million, or $15.95 per share, in last year's fourth quarter.
Excluding items, Asbury Automotive Group Inc. reported adjusted earnings of $146.3 million or $7.12 per share for the period.
Analysts on average had expected the company to earn $7.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.7% to $3.81 billion from $3.71 billion last year.
Asbury Automotive Group Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $55.5 Mln. vs. $353.2 Mln. last year.
-EPS (Q4): $2.70 vs. $15.95 last year.
-Analyst Estimates: $7.67
-Revenue (Q4): $3.81 Bln vs. $3.71 Bln last year.
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