CHICAGO -- Car seller Asbury Automotive Group Inc. on Wednesday said it was comfortable with previous 2003 earnings-per-share forecasts and would delay the release two weeks to complete an annual goodwill assessment.
Asbury, of Stamford, Conn., said it remained comfortable with earnings-per-share from continuing operations of $1.55 for 2003 if the review of goodwill and other intangible assets does not result in any impairment.
The forecast does not include a previously announced charge of 5 cents per share related to the termination of an agreement to acquire the Bob Baker Auto Group, Asbury said. Asbury said in December that it would scrap the Bob Baker deal.
Asbury had moved up its release of fourth-quarter and full 2003 results to Wednesday from Feb. 26 previously, but said it now expected to report results no later than Feb. 26.