HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Wednesday reported third-quarter net income of $195.7 million.
On a per-share basis, the Houston-based company said it had net income of $12.48. Earnings, adjusted for non-recurring gains, came to $12 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $10.99 per share.
The auto dealer posted revenue of $4.16 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $4.07 billion.
