HOUSTON (AP) – HOUSTON (AP) – Group 1 Automotive Inc. (GPI) on Wednesday reported first-quarter earnings of $154.4 million.
The Houston-based company said it had profit of $11.10 per share. Earnings, adjusted for non-recurring gains, were $10.93 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $9.70 per share.
The auto dealer posted revenue of $4.13 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $3.92 billion.
