Asbury posts weaker earnings due to higher costs

Newswire

DETROIT, April 30 (Reuters) - Auto dealership group Asbury Automotive Group Inc. on Wednesday said its quarterly earnings fell to $7.1 million due to higher expenses. The Stamford, Connecticut-based company said its first quarter earnings fell to 21 cents per share, down from $11.4 million or 34 cents per share in the year-ago quarter. Wall Street analysts had expected the company to earn 20 cents per share, according to research firm Thomson First Call. Asbury said earlier this month ...

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