HOUSTON (AP) __ HOUSTON (AP) __ Group 1 Automotive Inc. (GPI) on Wednesday reported third-quarter earnings of $163.9 million.
The Houston-based company said it had profit of $11.65 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $12.07 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $11.32 per share.
The auto dealer posted revenue of $4.71 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.55 billion.
