Top Cars earnings expectations

Detroit, April 27 (Reuters) - Group 1 Automotive Inc. (GPI.N), four American track a representative sample of quarterly earnings that Wall Street estimates as mail, auto sales recovered from the slide last year.

The first quarter net income decreased $ 8,000,000, or 34th cents a share, from $ 8,400,000, or $ 37 cents per share, a year earlier. Without one-time items, profit of the company came to 44 cents per share, compared with the average Wall Street forecast of 42 cents, as defined by Thomson Reuters, I / B / E / S

Total income rose 16.8% to $ 1,190,000,000.

Earl J. Hester Berg, group 1, President and CEO, said she won the environment, working with the industry better than the first quarter sales. "

Toyota sales in 2009, an increase of nearly 40 percent of Group 1 of the total new car sales.

U. S. March car sales hit seven months says high, led by Toyota rose 41 percent after the world's top selling vehicles, continued to fall in January and February, because of the enormous security.

With a gain of $ 10,400,000 adjusted income, or 44 cents per share rose 121 percent from the revised $ 4,700,000, or 20 cents a share, in the first quarter of 2009.

Group 1 also announced on Tuesday to get to high office in Columbia, South Carolina. The transaction closed on Monday, the company said. The store expected to be $ 14,500,000 of annual revenues to generate the number of dealers, BMW Group in Columbia, the capital of the state.

Until this year, a group of eight franchises are expected to 242 million U.S. dollars of revenue will generate annually.

The group already owns and operates franchises representing dealers sold 138 32102 brands of vehicles including six franchisees of three distributors in the United Kingdom.

Adjusted results exclude the first quarter to $ 2,500,000, or 10 cents per share related to prepayment of Group 1 8.25% senior notes over the country in 2010.

Adapting to the results of a year ago to net profit after tax to exclude, $ 3,700,000, or 17 cents a share, the profits of the long amortization partially offset by losses by selling dealership, the company reported.