Asbury Automotive Group (ABG) Tops Q4 EPS by 19c, Revenues Beat
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Asbury Automotive Group Announces 2019 Fourth Quarter And Full-Year Financial Results
February 3, 2020 7:00 AM ESTDULUTH, Ga., Feb. 3, 2020 /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 fourth quarter 2019 of $43.6 million ($2.26 per diluted share). This compares to net income of $40.4 million ($2.06 per diluted share) in the prior year quarter.
It also reported adjusted net income (a non-GAAP measure) for the fourth quarter 2019 of $48.9 million ($2.53 per diluted share) compared to $43.2 million ($2.20 per diluted share) in the prior year quarter, a 15% increase in adjusted earnings per share.
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