UPDATE 1-Asbury quarterly profits rise 15 percent

Newswire

(Recasts and adds details) DETROIT, Oct 26 (Reuters) - Car dealership Asbury Automotive Group Inc on Thursday posted a 15 percent increase in quarterly profit as cost cuts and used-vehicle business helped offset the impact of higher interest rates. Third-quarter profit rose to $17.18 million, or 51 cents a share, from $14.95 million, or 45 cents a share, a year earlier. Income from continuing operations was 54 cents per share, up from 52 cents, the company said. Analysts on average ...

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