UPDATE 1-Group 1 earnings fall on debt redemption charge

Newswire

(Adds details throughout) DETROIT, April 29 (Reuters) - Auto dealer Group 1 Automotive Inc. on Thursday said first-quarter earnings fell due to a charge for the redemption of debt. The Houston-based conglomerate said net income dropped to $10.49 million, or 45 cents a share, from $14.8 million, or 64 cents, in the year-ago quarter. The results included an after-tax charge of $4 million, or 17 cents per share, in the first quarter due from the company's retirement of senior subordinated ...

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