UPDATE 2-Asbury profit up, sees '05 at low end of outlook


(Recasts, adds details and byline) By Poornima Gupta DETROIT, Oct 26 (Reuters) - Asbury Automotive Group Inc. on Wednesday posted a higher-than-expected 24 percent increase in quarterly profit, but the car dealership group said it sees 2005 earnings at the lower end of its forecast range. Asbury's third-quarter profit rose to $15 million, or 45 cents per share, from $12.1 million, or 37 cents per share, a year earlier, boosted by gains in its service business as well as strong sales of ...

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