Investing.com - Element Fleet reported third quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.22 on revenue of C$244.5M. Analysts polled by Investing.com anticipated EPS of C$0.22 on revenue of C$244.74M. That compared to EPS of C$0.19 on revenue of C$220.1M in the same period a year earlier. The company had reported EPS of C$0.21 on revenue of C$248.43M in the previous quarter.
For the year, Element Fleet shares are up 66.14%, outperforming the S&P/TSX which is up 18.23% year to date.
Element Fleet follows other major Services sector earnings this month
On Thursday, October 31, 2019, BCE Inc. reported third quarter EPS of C$0.91 on revenue of C$5.98B, compared to forecasts of EPS of C$0.92 on revenue of C$5.97B.
Rogers Communications earnings missed analyst's expectations on Wednesday, October 23, 2019, with third quarter EPS of C$1.19 on revenue of C$3.75B. Investing.com analysts expected EPS of C$1.31 on revenue of C$3.87B
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