HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Wednesday reported third-quarter profit of $102.9 million.
On a per-share basis, the Houston-based company said it had net income of $8.59. Earnings, adjusted for one-time gains and costs, were $9.36 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9.65 per share.
The auto dealer posted revenue of $5.4 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $5.55 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPI at https://www.zacks.com/ap/GPI
Source: finance.yahoo.com
