Car dealership Asbury net falls on restructuring

Newswire

DETROIT, April 26 (Reuters) - Car dealership company Asbury Automotive Group Inc on Tuesday posted lower quarterly earnings on restructuring costs, but revenue jumped 14 percent. Net earnings fell to $9.6 million, or 29 cents per share, from $10.4 million, or 32 cents per share, in the year-ago quarter. Excluding items, the company earned 36 cents per share in the quarter. Wall Street analysts on average had expected the company to post earnings of 36 cents a share from continuing ...

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