HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Thursday reported third-quarter profit of $172.1 million.
On a per-share basis, the Houston-based company said it had net income of $9.33. Earnings, adjusted for one-time gains and costs, were $9.62 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $9.08 per share.
The auto dealer posted revenue of $3.51 billion in the period.
