Penske Automotive (PAG) Misses Q4 Earnings Estimates

Penske Automotive (PAG) came out with quarterly earnings of $2.91 per share, missing the Zacks Consensus Estimate of $3.19 per share. This compares to earnings of $3.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.89%. A quarter ago, it was expected that this auto dealership chain would post earnings of $3.48 per share when it actually produced earnings of $3.23, delivering a surprise of -7.18%.Over the last four quarter ...