Group 1 Automotive (GPI) Beat Wall Street Consensus
Group 1 Automotive (NYSE:GPI - News) shares climbed 8.4% after the company reported third-quarter earnings of $26.4 million, or $1.10 per share, on revenue of $1.6 billion. This profit performance bested Wall Street's consensus estimate for a profit of $1.02 per share in the September period. Looking ahead, the Houston automotive retailer lifted its outlook for 2006 to earnings of $3.65 to $3.75 per share from a prior view of $3.40 to $3.70 per share.
posted by Stock Administrator @ 10:32 PM
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