Pent-Up Car, Truck Demand Drives Penske Q4 Earnings
Surging U.S. auto sales lifted dealership Penske Automotive Group (PAG) over fourth-quarter views. The company, with 344 new and used car dealerships, posted earnings of 57 cents per share, up 21% from a year ago. Revenue climbed 18% to $3.37 billion. Analysts surveyed by Thomson Reuters were expecting EPS of 53 cents, on revenue of $3.31 billion. A wave of new-car purchasing in the U.S. -- fueled by low rates and pent-up demand -- more than offset
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here