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News Breaks
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July 26, 2011
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| 07:56 EDT |  | ABG |
| theflyonthewall.com: | Asbury Automotive expects Q3 earnings to be impacted in range of 5c-10c | | Asbury Automotive said "We are encouraged by the speed and efficiency with which our Japanese manufacturing partners are restoring production capacity, and admire their dedication. Our Japanese dealerships are experiencing the impact of inventory shortages; we anticipate that our affected inventories will bottom-out in July or August. We believe our Q3 earnings could be adversely impacted in the range of 5c-10c per diluted share as a result of disruptions in the market. Our results will depend on, amongst other things, SAAR, when production reaches normalized levels, and when we are able to receive a more favorable mix of product at our dealerships. We believe this will be a short-term issue and expect much healthier inventory levels heading into the Q4." :theflyonthewall.com |
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May 16, 2012
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| 09:32 EDT |  | ABG |
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