UPDATE 1-Asbury swings to profit on higher sales

Newswire

(Adds details on revenue, outlook, company comment; changes dateline, previous NEW YORK) DETROIT, Feb 24 (Reuters) - Auto dealer Asbury Automotive Group Inc. on Thursday posted a fourth-quarter profit, reversing a loss the year before, on strong new and used vehicle sales. It earned $12.8 million, or 39 cents a share, compared with a loss of $20.4 million, or 62 cents a share, a year earlier, when results were weighed down by acquisition related charges. Wall Street analysts on average ...

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