BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Wednesday reported fourth-quarter earnings of $186.1 million.

The Bloomfield Hills, Michigan-based company said it had net income of $2.83 per share. Earnings, adjusted for asset impairment costs, came to $2.91 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.

The auto dealership chain posted revenue of $7.77 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $7.64 billion.

For the year, the company reported profit of $935.4 million, or $14.13 per share. Revenue was reported as $31.81 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAG at https://www.zacks.com/ap/PAG