Group 1 Automotive, Inc (GPI) reported a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $126.5 million, or $9.67 per share. This compares with $144.6 million, or $10.80 per share, last year.
Excluding items, Group 1 Automotive, Inc reported adjusted earnings of $133.4 million or $10.20 per share for the period.
Analysts on average had expected the company to earn $9.67 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 23.2% to $5.505 billion from $4.470 billion last year.
Group 1 Automotive, Inc earnings at a glance (GAAP) :
-Earnings: $126.5 Mln. vs. $144.6 Mln. last year.
-EPS: $9.67 vs. $10.80 last year.
-Revenue: $5.505 Bln vs. $4.470 Bln last year.
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