Asbury quarterly profit rises

Newswire

DETROIT, Oct 26 (Reuters) - Car dealership group Asbury Automotive Group Inc. on Wednesday posted higher third-quarter earnings, boosted by gains as its finance and insurance business as well as strong sales of new vehicles. Profit rose to $15 million, or 45 cents per share, from $12.1 million, or 37 cents per share, a year earlier. Income from continuing operations for the quarter was 53 cents per share. Wall Street analysts on average had expected the company to post earnings of 48 ...

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