UnitedAuto's second-quarter profits rise

Newswire

DETROIT, July 30 (Reuters) - Auto dealer group UnitedAuto Group Inc. reported higher second-quarter earnings on Tuesday as sales rose and interest costs remained low. The company said it earned $23.9 million, or 56 cents a share, compared with $13 million, or 40 cents a share, in the same quarter a year ago. Revenues increased 25 percent to $2 billion. UnitedAuto told analysts in May to expect second-quarter earnings between 51 cents and 53 cents per share. The Detroit-based company ...

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