Investing.com - Penske Automotive reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Penske Automotive announced earnings per share of $4.61 on revenue of $6.90. Analysts polled by Investing.com anticipated EPS of $4.34 on revenue of $6.85B.
Penske Automotive shares are down 3.58% from the beginning of the year, still down 18.21% from its 52 week high of $126.93 set on August 16.
Penske Automotive follows other major Consumer Discretionary sector earnings this month
Penske Automotive's report follows an earnings beat by Tesla on October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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