Asbury Automotive (ABG) Reports Q4 Earnings Miss: $6.67 PS, Revenue $4.68B

Asbury Automotive Group Inc. (ABG) reported fourth-quarter adjusted earnings of $6.67 per share, revenue of $4.68 billion, and a profit of $3.10 per share, missing analyst estimates of $6.70 and $4.82 billion, respectively. Year-over-year profit totaled $492 million or $25.13 per share on $18 billion in revenue. ABG shares gained nearly 2% this year and have declined 20% over the past 12 months.