BLOOMFIELD HILLS, Mich. (AP) _ Penske Automotive Group Inc. (PAG) on Wednesday reported third-quarter earnings of $355.1 million.

The Bloomfield Hills, Michigan-based company said it had net income of $4.47 per share. Earnings, adjusted to account for discontinued operations, came to $4.46 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.53 per share.

The auto dealership chain posted revenue of $6.5 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $6.46 billion.

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

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