Investing.com - Ashtead Group (LON:AHT) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ashtead Group announced earnings per share of £0.35 on revenue of £1.08B. Analysts polled by Investing.com anticipated EPS of £0.33 on revenue of £1.16B.
Ashtead Group shares are up 13% from the beginning of the year and are trading at £2,745.0 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 12.95% from the start of the year.
Ashtead Group shares gained 1.93% in intra-day trade following the report.
Ashtead Group follows other major Services sector earnings this month
Ashtead Group's report follows an earnings beat by Flutter Entertainment on Thursday, August 27, 2020, who reported EPS of £0.18 on revenue of £1.54B, compared to forecasts EPS of £-54.33 on revenue of £602.55M.
WPP had missed expectations on Thursday, August 27, 2020 with second quarter EPS of £0.15 on revenue of £2.3B, compared to forecast for EPS of £39.57 on revenue of £2.28B.
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