Penske Automotive Q3 Profit Rises - Quick Facts

(RTTNews) - Penske Automotive Group, Inc. (PAG), an international transportation services company, reported that its third-quarter net income attributable to shareholders increased to $65.27 million or $0.72 per share, from $41.03 million or $0.45 per share, last year. Income per share from continuing operations was $0.73, compared to $0.46, a year ago.

The company noted that its income from continuing operations and related earnings per share for the third quarter 2013 includes approximately $1.9 million, or $0.01 per share, of acquisition-related costs associated with the commercial vehicle group acquisition.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.70 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased 14.6% to $3.82 billion, including a same-store retail revenue increase of 12.0%. Analysts expected revenue of $3.71 billion for the quarter.