Group 1 Automotive Q3 Adj EPS $12.07 Beats $11.48 Estimate, Sales $4.71B Beat $4.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
Group 1 Automotive (NYSE:GPI) reported Q3 adjusted earnings of $12.07 per share, beating the analyst consensus estimate of $11.48 by 5.14%. This is a 0.58% increase from the same period last year. The company also reported quarterly sales of $4.71 billion, surpassing the analyst consensus estimate of $4.51 billion by 4.32%, a 13.02% increase from the same period last year.
October 25, 2023 | 9:07 am
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Group 1 Automotive's Q3 earnings and sales exceeded analyst estimates, which could positively impact the company's stock price in the short term.
Group 1 Automotive reported higher than expected earnings and sales for Q3. This positive financial performance could increase investor confidence and demand for the stock, potentially driving up its price in the short term.
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