UnitedAuto posts weaker first-quarter earnings

Newswire

DETROIT, April 28 (Reuters) - Auto dealership group UnitedAuto Group Inc. on Monday reported a slight drop in quarterly earnings to $13.7 million due to an accounting change. UnitedAuto said it earned 34 cents per share in the first quarter, down from a profit of $15.7 million or 40 cents per share in the year-ago quarter. Excluding the accounting change, the company earned $16.8 million or 41 cents per share, above Wall Street estimates. Analysts on average had expected the ...

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