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Group 1 Automotive, Inc Q2 adjusted earnings Beat Estimates

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

The company's profit came in at $54.55 million, or $2.72 per share. This compares with $37.74 million, or $1.84 per share, in last year's second quarter.

Excluding items, Group 1 Automotive, Inc reported adjusted earnings of $50.79 million or $2.45 per share for the period.

Analysts had expected the company to earn $2.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $2.94 billion from $2.67 billion last year.

Group 1 Automotive, Inc earnings at a glance:

-Earnings (Q2): $50.79 Mln. vs. $39.81 Mln. last year.
-EPS (Q2): $2.45 vs. $1.87 last year.
-Analysts Estimate: $2.14
-Revenue (Q2): $2.94 Bln vs. $2.67 Bln last year.

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