UnitedAuto says comfortable with Wall St estimate

Newswire

DETROIT, Oct 29 (Reuters) - Auto dealer UnitedAuto Group Inc. said on Tuesday it is comfortable with analysts' consensus expectation for 2003 earnings of $2.08 per share. Separately, the company on Tuesday reported a 63 percent rise in third-quarter earnings as acquisitions of dealerships increased revenue. UnitedAuto 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 ...

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