Group 1 net down, hurt by asset dispositions

Newswire

DETROIT, April 26 (Reuters) - Car dealership chain Group 1 Automotive Inc. on Thursday said first-quarter net income fell, hurt by charges taken for asset dispositions. The Houston-based company, the fourth-largest auto retailer in the United States, said earnings fell to $17.4 million, or 72 cents per share, from $22.3 million, or 91 cents per share, a year earlier. Excluding one-time items, the company earned 82 cents per share. Analysts, on average, had expected 86 cents per share, ...

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