UPDATE 2-Asbury operating profit rises, shares gain

Newswire

(Adds executive comments, inventory levels, stock price, byline) By Kevin Krolicki DETROIT, April 25 (Reuters) - Asbury Automotive Group Inc. posted a 12-percent rise in quarterly operating profit on Wednesday as net earnings declined on charges related to refinancing and the retirement of the car dealership chain's chief executive. Asbury, the sixth-largest U.S. auto retailer by new vehicles sales, also raised its operating earnings-per-share forecast for 2007, citing lower debt ...

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