Auto dealer Asbury reports higher earnings


STAMFORD, Conn., Oct 30 (Reuters) - Auto dealer conglomerate Asbury Automotive Group Inc. said on Wednesday its third-quarter earnings rose on higher new car sales. Asbury said net income totaled $16.9 million, or 44 cents a share, while operating earnings were $16.9 million, or 50 cents a share. Revenue rose 13 percent to $1.2 billion. The company said the results were not comparable to the same quarter a year earlier, before its initial public offering of shares. The average analyst ...

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