Penske Automotive (PAG) Q3 Earnings and Revenues Lag Estimates

Penske Automotive (PAG) came out with quarterly earnings of $3.36 per share, missing the Zacks Consensus Estimate of$ 3.48 per share. This compares to earnings of $3.90 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this auto dealership chain would post earnings of$ 3.43 per share when it actually produced earnings of $3.61, delivering a surprise of 5.25%. Over the last four quarte ...