Penske Automotive Group (PAG) Tops Q4 EPS by 1c
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Penske Automotive Reports Record Fourth Quarter Results
February 8, 2018 6:59 AM ESTBLOOMFIELD HILLS, Mich., Feb. 8, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced record fourth quarter results. For the three months ended December 31, 2017, total revenue increased 10.4% to $5.4 billion, income from continuing operations attributable to common shareholders increased 300.0% to $330.0 million, and related earnings per share increased 296.9% to $3.85 when compared to the same period last year. Foreign exchange rates positively impacted earnings per share attributable to common shareholders by $0.02. Fourth quarter 2017 income from continuing operations and related earnings per share include a benefit of $243.4... More
