Group 1 Automotive Q2 Adj $9.80 Beats $9.36 Estimate, Sales $4.70B Miss $4.71B Estimate

Group 1 Automotive (NYSE:GPI) reported quarterly earnings of $9.80 per share which beat the analyst consensus estimate of $9.36 by 4.7 percent. This is a 16.45 percent decrease over earnings of $11.73 per share from the same period last year. The company reported quarterly sales of $4.70 billion which missed the analyst consensus estimate of $4.71 billion by 0.30 percent. This is a 3.01 percent increase over sales of $4.56 billion the same period last year.