Penske Automotive Group (PAG) Misses Q1 EPS by 4c, Revenues Miss; Same-Store Sales Down 3.8%, Same-Store Revenue Down 4.5%
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Penske Automotive Reports First Quarter 2019 Results
April 25, 2019 6:59 AM EDTBLOOMFIELD HILLS, Mich., April 25, 2019 /PRNewswire/ --Â Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced first quarter 2019 results. For the three months ended March 31, 2019, the company reported income from continuing operations attributable to common shareholders of $100.1Â million, or $1.19 per share, compared to $108.0 million, or $1.26 per share in the prior year.
During the three months ended March 31, 2019, income from continuing operations and related earnings per share were negatively impacted by $7.6 million after taxes, or $0.09 per share, from net restructuring charges and product availability shortages related to... More
