DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Thursday reported second-quarter profit of $201.4 million.

The Duluth, Georgia-based company said it had profit of $9.07 per share. Earnings, adjusted for non-recurring costs, were $10.04 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $8.88 per share.

The auto dealership chain posted revenue of $3.95 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $3.82 billion.

Asbury Automotive shares have declined slightly more than 5% since the beginning of the year. The stock has dropped 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News