HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Wednesday reported second-quarter profit of $138.2 million.
The Houston-based company said it had net income of $10.17 per share. Earnings, adjusted for one-time gains and costs, came to $9.80 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9.43 per share.
The auto dealer posted revenue of $4.7 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.77 billion.
