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Penske Automotive Q4 profit climbs 12.6% YOY

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Penske Automotive Q4 profit climbs 12.6% YOY

4492850 said its normalized net income for the fourth quarter came to 84 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.

EPS climbed 18.7% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $71.7 million, an increase of 12.6% from $63.7 million in the prior-year period.

The normalized profit margin rose to 1.5% from 1.3% in the year-earlier period.

Total revenue totaled $4.89 billion, compared with $4.92 billion in the year-earlier period, and total operating expenses came to $4.76 billion, compared with $4.80 billion in the prior-year period.

Reported net income grew 14.3% year over year to $82.6 million, or 97 cents per share, from $72.3 million, or 80 cents per share.

For the year, the company's normalized net income totaled $3.65 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.91.

EPS rose 8.1% from $3.38 in the prior year.

Normalized net income was $314.1 million, a rise from $303.1 million in the prior year.

Full-year total revenue rose on an annual basis to $20.12 billion from $19.28 billion, and total operating expenses grew on an annual basis to $19.54 billion from $18.72 billion.

he company said reported net income increased on an annual basis to $344.0 million, or $4.00 per share, in the full year, from $329.4 million, or $3.67 per share.Penske Automotive Group Inc.

4492850 said its normalized net income for the fourth quarter came to 84 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.