Tuesday, July 31, 2007

Group 1 Automotive's quarterly profit dips

(Reuters) - The Houston-based company, the fourth-largest auto retailer in the United States, said earnings declined to $24.2 million, or $1.01 per share, from $24.9 million, or $1 per share, a year earlier.



Excluding one-time items, the company earned $1.03 per share. Analysts, on average, had expected 98 cents, according to Reuters Estimates.


Read more at Reuters.com Market News

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