Penske Automotive Group (PAG) Misses Q3 EPS by 5c

Penske Automotive Group (NYSE: PAG) reported Q3 EPS of $0.96, $0.05 worse than the analyst estimate of $1.01. Revenue for the quarter came in at $5 billion versus the consensus estimate of $4.97 billion.

"We are pleased to deliver another record quarter, including double-digit growth in revenues, income from continuing operations and earnings per share," said Chairman Roger S. Penske. "The diversification offered by our business highlights the opportunity we have for continued growth. At current levels, the year-over-year decline in exchange rates begins to subside during the fourth quarter which, coupled with the strong sales environment in both the U.S. and U.K. vehicle markets, and a robust medium and heavy-duty truck market in the U.S., we expect will continue to drive our business forward."

For earnings history and earnings-related data on Penske Automotive Group (PAG) click here.

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