(Reuters) - DETROIT, April 25 - Asbury Automotive Group Inc on Wednesday posted a 12-percent rise in quarterly operating profit, but saw a sharp drop in net earnings on charges related to a refinancing and the retirement of the car dealership chain's chief executive.
Revenue rose 4 percent to $1.42 billion from $1.37 billion driven by sales gains for used cars and vehicle financing. Asbury, the sixth-largest U.S. auto retailer by sales of new vehicles, posted a first-quarter net profit of $433,000, or 1 cent per share, from $12.6 million, or 37 cents per share, a year earlier.
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