UPDATE 2-UnitedAuto profit up, but outlook below Street view


(Adds share price, analyst comment) DETROIT, July 28 (Reuters) - UnitedAuto Group Inc. , posted a 38 percent rise in quarterly earnings on Wednesday, but its shares slumped on disappointment that it narrowly missed Wall Street expectations. The Bloomfield Hills, Michigan-based car dealership group also provided a third-quarter profit forecast below Wall Street estimates. The company said it expects to earn between 61 cents and 63 cents a share in the third quarter, below average ...

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