UPDATE 3-Penske share buyback approved, stock gains

Newswire

(Recasts first paragraph, updates share price, adds background on Penske) By Kevin Krolicki DETROIT, Feb 19 (Reuters) - Penske Automotive Group , the No. 2 U.S. auto retailer by revenue, on Tuesday posted operating earnings that edged past Wall Street expectations and said its board had authorized a $150 million share buyback program, sending its shares higher. Excluding charges, Penske posted adjusted earnings from continuing operations of 34 cents per share, flat from a year earlier ...

Premium Content (PAID Subscription Required)

"UPDATE 3-Penske share buyback approved, stock gains" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×