Asbury 1st-qtr profit beats estimates

Newswire

April 25 (Reuters) - Auto dealership Asbury Automotive Group Inc reported a quarterly profit ahead of analysts' expectations, helped by higher sales at its new and used vehicle segments. January-March net income fell to $17.6 million, or 56 cents per share, from $19.9 million, or 59 cents per share, a year ago. Excluding items, Asbury earned 57 cents per share. Revenue rose 7 percent to $1.1 billion. New vehicle sales rose 5 percent to $589.7 million, while revenue from its smaller ...

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