Asbury posts stronger third quarter earnings

Newswire

NEW YORK, Oct 30 (Reuters) - Asbury Automotive Group Inc. on Thursday posted stronger third quarter earnings on a strong performance from its parts, service, and collision repair business, and Stamford, Connecticut-based Asbury said its earnings rose to $16.2 million, or 50 cents per share, up from earnings of $14.6 million, or 43 cents per share in the year-ago third quarter. Asbury said in mid-October that it expected earnings in-line with analysts' estimates of 50 cents per share.

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