Auto dealer UnitedAuto reports higher earnings


DETROIT, Oct 29 (Reuters) - Auto dealer UnitedAuto Group Inc. reported a 63 percent increase in third-quarter earnings on Tuesday as acquisitions of dealerships increased revenue. The company said it earned $22 million, or 53 cents a share, compared with $13.5 million, or 38 cents a share, in the same quarter a year ago. Revenue increased 37 percent to $2.1 billion. Analysts' average estimate for third-quarter earnings was 53 cents a share, according to Thompson First Call. The ...

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