Penske: Q4 Earnings Snapshot
By AP News
Published - Feb 08, 2023, 07:18 AM ET
Last Updated - Jun 22, 2023, 10:43 PM EDT
BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Wednesday reported fourth-quarter earnings of $298 million.
The Bloomfield Hills, Michigan-based company said it had net income of $4.21 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.03 per share.
The auto dealership chain posted revenue of $7.01 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.38 billion.
