Asbury Automotive Group (ABG) Tops Q2 EPS by 16c

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Go back to Asbury Automotive Group (ABG) Tops Q2 EPS by 16c

Asbury Automotive Group Announces 2018 Second Quarter Financial Results

July 24, 2018 7:00 AM EDT

DULUTH, Ga., July 24, 2018 /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 second quarter 2018 of $43.2 million ($2.11 per diluted share) and adjusted net income (a non-GAAP measure) of $42.7 million ($2.08 per diluted share). This compares to net income of $31.9 million ($1.52 per diluted share) and adjusted net income of $33.2 million ($1.58 per diluted share) in the prior year quarter. Net income for the second quarter 2018 was adjusted for a $0.7 million pre-tax gain on legal settlements ($0.03 per diluted... More