Asbury Automotive Group (ABG) Misses Q3 EPS by 3c

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Go back to Asbury Automotive Group (ABG) Misses Q3 EPS by 3c

Asbury Automotive Group Announces Third Quarter 2017 Financial Results

October 24, 2017 7:00 AM EDT

DULUTH, Ga., Oct. 24, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the third quarter 2017 of $30.7 million, or $1.48 per diluted share.

During the quarter, we had two non-recurring events that negatively impacted our results.  First, our dealerships in Florida, Georgia, and Houston, Texas had various levels of business interruption due to Hurricanes Irma and Harvey. We believe the net impact of the hurricanes was a reduction in earnings of at least $0.10 per diluted... More