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Group 1 Automotive, Inc Q3 adjusted earnings Beat Estimates

Group 1 Automotive, Inc (GPI) revealed earnings for its third quarter that rose from the same period last year.

The company's earnings came in at $34.78 million, or $1.74 per share. This compares with $29.88 million, or $1.43 per share, in last year's third quarter.

Excluding items, Group 1 Automotive, Inc reported adjusted earnings of $47.51 million or $2.47 per share for the period.

Analysts had expected the company to earn $2.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.0% to $2.89 billion from $3.01 billion last year.

Group 1 Automotive, Inc earnings at a glance:

-Earnings (Q3): $47.51 Mln. vs. $45.03 Mln. last year.
-EPS (Q3): $2.47 vs. $2.23 last year.
-Analysts Estimate: $2.33
-Revenue (Q3): $2.89 Bln vs. $3.01 Bln last year.

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