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Penske Automotive (PAG) Lags Q3 Earnings and Revenue Estimates

Penske Automotive (PAG) came out with quarterly earnings of 3.23pershare,missingtheZacksConsensusEstimateof3.23 per share, missing the Zacks Consensus Estimate of 3.48 per share. This compares to earnings of 3.36pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof7.183.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.18%. A quarter ago, it was expected that this auto dealership chain would post earnings of 3.56 per share when it actually produced earnings of $3.78, delivering a surprise of +6.18%.Over the last four quarter ...