Asbury quarterly profits rise


DETROIT, Oct 26 (Reuters) - Car dealership Asbury Automotive Group Inc on Thursday posted an increase in quarterly profit as cost cuts helped offset the impact of higher interest rates. Third-quarter profit rose to $17.18 million, or 51 cents a share, from $14.95 million, or 46 cents a share, a year earlier. Income from continuing operations was 54 cents per share, up from 52 cents, the company said. Analysts on average expected the company to earn 55 cents per share, according to ...

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