logo
  

Group 1 Automotive Q4 Results Climb, Top Estimates

Group 1 Automotive, Inc.(GPI), an automotive retailer, reported Wednesday that its fourth-quarter net income available to common shares climbed 81.1 percent to $152.4 million from last year's $84.2 million.

Earnings per share were $10.76, up 122.6 percent from $4.84 a year ago.

Net income from continuing operations, meanwhile, declined 4 percent to $156.7 million from prior year's $163.2 million. Current quarter earnings per share from continuing operations was $10.75, an 18.6 percent increase from $9.06 for the prior year quarter.

Adjusted earnings were $10.88 per share, compared to $9.54 per share last year.

Adjusted net income from continuing operations was $158.4 million, a 6.7 percent decrease from $169.9 million in the prior year quarter. Adjusted earnings per share from continuing operations was $10.86, compared to $9.43.

On average, 7 analysts polled by Thomson Reuters expected earnings of $10.66 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $4.07 billion, a 16.6 percent increase from $3.49 billion a year ago.

Analysts expected revenues of $3.90 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Novartis AG were losing around 2 percent in the early morning trading in Switzerland after the drug major reported Wednesday sharply lower profit in its fourth quarter with weak sales as well as the absence of prior year's hefty Roche income. Adjusted earnings, however, topped market estimates, while top line missed their view. Further, the company announced higher dividend... Boeing has delivered its final 747 jumbo jet, bringing to a close more than 50 years of its production, to Atlas Air Worldwide, the largest operator of the widebody jet called as the "Queen of the Skies." The aerospace and defense major and Atlas Air joined thousands of people to celebrate the delivery of the final 747-8 Freighter at the Everett factory, where 747 began its journey in 1967. Branded food company Conagra Brands Inc. has recalled about 2.58 million pounds of canned meat and poultry products citing a packaging defect, the U.S. Department of Agriculture's Food Safety and Inspection Service sad in a statement. According to the agency, the possible packaging defect may cause the products to become contaminated without showing any outward signs of contamination.
RELATED NEWS
Follow RTT