UPDATE 1-Asbury Automotive profit up 20 percent


(Adds details) DETROIT, July 29 (Reuters) - Auto dealer Asbury Automotive Group, Inc. on Thursday said its quarterly profit rose 20 percent, buoyed by higher new car sales. Second-quarter net income climbed to $14.7 million, or 45 cents per share, up from $12.3 million, or 38 cents per share, in the quarter a year ago. The company said damages from a severe hailstorm in St. Louis impacted earnings by about 2 cents a share. Net income from continuing operations increased to $15.2 ...

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