Investing.com - Ashtead Group (LON:AHT) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ashtead Group announced earnings per share of £0.543 on revenue of £1.22B. Analysts polled by Investing.com anticipated EPS of £0.4455 on revenue of £1.23B.
Ashtead Group shares are up 38% from the beginning of the year and are trading at £3,341.0 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 6.06% from the start of the year.
Ashtead Group shares gained 3.47% in intra-day trade the report.
Ashtead Group follows other major Services sector earnings this month
Ashtead Group's report follows an earnings beat by Compass on November 24, who reported EPS of £-0.25 on revenue of £4.1B, compared to forecasts EPS of £-6.52 on revenue of £4.1B.
Burberry Group had missed expectations on November 12 with second quarter EPS of £0.12 on revenue of £877.7M, compared to forecast for EPS of £34.00 on revenue of £1,258M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar