Asbury posts rise in quarterly profit

Newswire

NEW YORK, July 28 (Reuters) - Car dealership group Asbury Automotive Group Inc. on Thursday posted higher second-quarter earnings, boosted by a 19 percent jump in used vehicle retail revenue. Profit rose to $16 million, or 49 cents per share, from $14.7 million, or 45 cents per share, a year earlier. Income from continuing operations for the second quarter was 54 cents per share. Wall Street analysts on average had expected the company to post earnings of 51 cents a share, according to ...

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