Group 1 Automotive: Q4 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Wednesday reported fourth-quarter profit of $108.8 million.

The Houston-based company said it had profit of $7.87 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $9.50 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $10.49 per share.

The auto dealer posted revenue of $4.48 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.38 billion.

For the year, the company reported profit of $601.6 million, or $42.73 per share. Revenue was reported as $17.87 billion.

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