Asbury Automotive Group Inc. (ABG) announced earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $28.1 million, or $1.39 per share. This compares with $196.4 million, or $9.34 per share, in last year's second quarter.
Excluding items, Asbury Automotive Group Inc. reported adjusted earnings of $129.1 million or $6.40 per share for the period.
Analysts on average had expected the company to earn $7.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.4% to $4.246 billion from $3.743 billion last year.
Asbury Automotive Group Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $28.1 Mln. vs. $196.4 Mln. last year.
-EPS (Q2): $1.39 vs. $9.34 last year.
-Revenue (Q2): $4.246 Bln vs. $3.743 Bln last year.
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