Feb. 13 at 4:04 PM
$PAG Q4 earnings miss — what went wrong?
Adjusted EPS of
$2.91 fell short of the
$3.19 estimate, declining 17.8% YoY. Despite beating sales estimates with
$7.77B, gross profit dropped 5.3% YoY, and operating income tumbled 20.8%.
Full earnings breakdown here 👉 https://www.zacks.com/stock/news/2869061/penske-q4-earnings-miss-expectations-dividend-raised?cid=sm-stocktwits-2-2869061-body-33544&ADID=SYND_STOCKTWITS_TWEET_2_2869061_BODY_33544