Penske Automotive Group Inc. (PAG) announced earnings for third quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $226.1 million, or $3.39 per share. This compares with $263.4 million, or $3.92 per share, in last year's third quarter.
Analysts on average had expected the company to earn $3.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.9% to $7.59 billion from $7.45 billion last year.
Penske Automotive Group Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $226.1 Mln. vs. $263.4 Mln. last year.
-EPS (Q3): $3.39 vs. $3.92 last year.
-Revenue (Q3): $7.59 Bln vs. $7.45 Bln last year.
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