HOUSTON (AP) __ HOUSTON (AP) __ Group 1 Automotive Inc. (GPI) on Wednesday reported second-quarter earnings of $170.5 million.
The Houston-based company said it had profit of $12.04 per share. Earnings, adjusted for one-time gains and costs, came to $11.73 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $11 per share.
The auto dealer posted revenue of $4.56 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $4.41 billion.
