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Texas

Group 1 Automotive: Fourth Quarter Earnings Report

HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) reported fourth-quarter earnings of $152.4 million on Wednesday.

On a per-share basis, the Houston-based company said it posted earnings of $10.76. Earnings adjusted for non-recurring income and expenses was $10.86 per share.

The results beat Wall Street’s expectations. The average estimate of five analysts polled by Zacks Investment Research was $10.51 per share.

The auto dealer’s revenue for the period was $4.07 billion, also better than Street’s forecasts. Four analysts polled by Zacks expected $3.87 billion.

For the year, the company reported earnings of $730.3 million, or $47.14 per share. Revenue was $16.22 billion.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks GPI stock report at https://www.zacks.com/ap/GPI.

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