HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Thursday reported fourth-quarter earnings of $87.1 million.
On a per-share basis, the Houston-based company said it had net income of $4.84. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $9.43 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $9.06 per share.
The auto dealer posted revenue of $3.49 billion in the period.
For the year, the company reported profit of $552.1 million, or $30.11 per share. Revenue was reported as $13.48 billion.
