Asbury Automotive Group Inc. (ABG) reported a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $132.1 million, or $6.71 per share. This compares with $147.1 million, or $7.21 per share, last year.
Analysts on average had expected the company to earn $6.66 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.3% to $4.148 billion from $4.201 billion last year.
Asbury Automotive Group Inc. earnings at a glance (GAAP) :
-Earnings: $132.1 Mln. vs. $147.1 Mln. last year.
-EPS: $6.71 vs. $7.21 last year.
-Revenue: $4.148 Bln vs. $4.201 Bln last year.
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