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Group 1 Automotive, Inc Q1 adjusted earnings Beat Estimates

Group 1 Automotive, Inc (GPI) reported a profit for its first quarter that climbed from the same period last year.

The company's profit came in at $35.81 million, or $1.70 per share. This compares with $33.94 million, or $1.58 per share, in last year's first quarter.

Excluding items, Group 1 Automotive, Inc reported adjusted earnings of $35.81 million or $1.70 per share for the period.

Analysts had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.5% to $2.86 billion from $2.52 billion last year.

Group 1 Automotive, Inc earnings at a glance:

-Earnings (Q1): $35.81 Mln. vs. $32.80 Mln. last year.
-EPS (Q1): $1.70 vs. $1.53 last year.
-Analysts Estimate: $1.54
-Revenue (Q1): $2.86 Bln vs. $2.52 Bln last year.

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