Investing.com - Ashtead Group (LON:AHT) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ashtead Group announced earnings per share of £0.388 on revenue of £1.1B. Analysts polled by Investing.com anticipated EPS of £0.2941 on revenue of £1.18B.
Ashtead Group shares are up 51% from the beginning of the year and are trading at £5,219.5 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 15.11% from the start of the year.
Ashtead Group shares gained 2.62% in intra-day trade after the report.
Ashtead Group follows other major Services sector earnings this month
Ashtead Group's report follows an earnings missed by B&M European Value Retail SA on Thursday, June 3, 2021, who reported EPS of £0.24 on revenue of £2.56B, compared to forecasts EPS of £20.02 on revenue of £1B.
Land Securities had missed expectations on Tuesday, May 18, 2021 with fourth quarter EPS of £-0.75 on revenue of £308.0M, compared to forecast for EPS of £23.18 on revenue of £311.61M.
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