Asbury Automotive Gr Q2 Adj EPS $8.95 Beats $8.24 Estimate, Sales $3.74B Miss $3.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive Gr (ABG) reported Q2 adjusted earnings of $8.95 per share, beating the analyst consensus estimate of $8.24 by 8.62%. However, this is a 10.86% decrease from the same period last year. The company's quarterly sales of $3.74 billion missed the analyst consensus estimate of $3.80 billion by 1.58%, marking a 5.32% decrease from the same period last year.
July 25, 2023 | 10:37 am
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Asbury Automotive's Q2 earnings exceeded estimates but are down YoY. Sales also missed estimates and are down YoY.
Asbury Automotive's earnings beat estimates, which is positive for the stock. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact the stock. The net effect could be neutral in the short term.
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