Group 1 Automotive Q2 EPS $11.73 Beats $11.08 Estimate, Sales $4.56B Beat $4.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Group 1 Automotive (NYSE:GPI) reported Q2 earnings of $11.73 per share, beating the analyst consensus estimate of $11.08 by 5.87%. However, this is a 2.25% decrease from the same period last year. The company also reported quarterly sales of $4.56 billion, beating the analyst consensus estimate of $4.36 billion by 4.59%, and marking a 10.01% increase from the same period last year.
July 26, 2023 | 10:06 am
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Group 1 Automotive's Q2 earnings and sales exceeded analyst estimates, which could positively impact the stock. However, the decrease in earnings from last year might temper investor enthusiasm.
Positive earnings reports generally lead to an increase in stock price as they indicate a company's good financial health. However, the decrease in earnings from the same period last year might cause some investors to be cautious.
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