Group 1 Automotive: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Tuesday reported third-quarter profit of $12.8 million.

The Houston-based company said it had profit of $1 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $10.45 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $10.64 per share.

The auto dealer posted revenue of $5.78 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $5.63 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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