Penske Automotive Group Inc. (PAG) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $236.4 million, or $3.54 per share. This compares with $190.7 million, or $2.84 per share, last year.
Excluding items, Penske Automotive Group Inc. reported adjusted earnings of $236.4 million or $3.54 per share for the period.
Analysts on average had expected the company to earn $3.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.1% to $7.719 billion from $7.272 billion last year.
Penske Automotive Group Inc. earnings at a glance (GAAP) :
-Earnings: $236.4 Mln. vs. $190.7 Mln. last year.
-EPS: $3.54 vs. $2.84 last year.
-Revenue: $7.719 Bln vs. $7.272 Bln last year.
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