Group 1 Automotive IncGPI
▼ NegativeCapitalrelevance
Group 1 Automotive missed Q2 earnings and revenue estimates, with EPS $9.61 vs $10.60 expected and revenue down 5.3% YoY.
Impact on stocks 1
Consumer Discretionary
Group 1 Automotive IncGroup 1 Automotive reported second-quarter financial results that fell short of market expectations. Non-GAAP earnings per share came in at $9.61, missing estimates by $0.99, while revenue of $5.4 billion represented a 5.3% decline year-over-year and missed forecasts by $240 million. Net income from continuing operations was $103.0 million, down from $139.8 million in the prior-year quarter, and adjusted net income from continuing operations was $114.9 million, compared to $149.6 million a year earlier. Diluted earnings per common share from continuing operations was $8.62, versus $10.77 in the same period last year.
Group 1 Automotive IncGroup 1 Automotive missed Q2 earnings and revenue estimates, with EPS $9.61 vs $10.60 expected and revenue down 5.3% YoY.