Trade with Eva : Analytics in action: =Penske Auto (PAG) reported earnings on Thur 28 Jul 2016 (b/o)

Thursday, July 28, 2016

Penske Auto beats by $0.02, beats on revs :

Reports Q2 (Jun) earnings of $1.11 per share, $0.02 better than the Capital IQ Consensus of $1.09; revenues rose 6.8% year/year to $5.25 bln vs the $5.19 bln Capital IQ Consensus.
Same-store retail revenue increased 0.2%. Excluding foreign exchange, same-store retail revenue increased 2.7%. Foreign exchange rates negatively impacted earnings per share attributable to common shareholders by $0.03 for the three months ended June 30, 2016.
Q2 Highlights
- Retail Unit Sales +6.2% to 115,106
- Same-store Retail Unit Sales -1.9% to 106,266
- Same-Store Retail Revenue +0.2%
On July 27, 2016, the company acquired an additional 14.4% interest in Penske Truck Leasing Co., L.P. ("PTL"), from subsidiaries of GE Capital Global Holdings, LLC, for approximately $498.7 million.