Group 1 Automotive: Q2 Earnings Snapshot – mySA

HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Wednesday reported second-quarter net income of $190.6 million.

On a per-share basis, the Houston-based company said it had net income of $11.90. Earnings, adjusted for one-time gains and costs, were $12 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $10.56 per share.

The auto dealer posted revenue of $4.15 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $4 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

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