Asbury Automotive: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported third-quarter profit of $105.1 million.

On a per-share basis, the Atlanta-based company said it had net income of $5.84. Earnings, adjusted for non-recurring costs, came to $6.16 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.46 per share.

The auto dealership chain posted revenue of $4.41 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $4.43 billion.

Asbury Automotive shares have fallen 26% since the beginning of the year. The stock has dropped 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG