Asbury quarterly operating earnings rise


NEW YORK, April 25 (Reuters) - Car dealership chain Asbury Automotive Group Inc said on Wednesday quarterly operating profit rose 12 percent.

First-quarter net profit fell to $433,000, or 1 cent a share, from $12.6 million, or 37 cents a share, a year earlier.

Adjusted for debt refinancing and other charges, income from continuing operations rose 12 percent to $15.3 million, or 45 cents per share.

Analysts were expecting the company to report 42 cents per share, according to Reuters Estimates.



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