UPDATE 1-Car dealership Asbury swings to profit

Newswire

* EPS 1 cent vs year-ago loss of $11.66 p/shr * EPS from continuing ops 15 cents vs 16 cents view DETROIT, Feb 25 (Reuters) - U.S. car dealer Asbury Automotive Group Inc posted a quarterly profit on Thursday, reversing a year-earlier loss, as new vehicle sales recovered and cost cuts paid off. Net income rose to $0.2 million, or 1 cent per share, in the fourth quarter, from a year-earlier loss of $369.7 million, or $11.66 per share. Revenue rose 2 percent to $898.6 million. Income ...

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