UPDATE 1-Group 1 posts stronger third-quarter earnings

Newswire

(Adds earnings outlook, details throughout) DETROIT, Oct 30 (Reuters) - Group 1 Automotive Inc. on Thursday reported stronger third-quarter earnings, boosted by higher sales of new and used vehicles. Houston-based Group 1 said earnings rose to $21.7 million, or 92 cents per share, from $20.1 million, or 84 cents per share, in the year-earlier quarter. Analysts on average had expected 87 cents per share, according to Reuters Research, a unit of Reuters Group Plc. Revenues rose to $1.24 ...

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