Investing.com - Ashtead Group (LON:AHT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ashtead Group announced earnings per share of £0.382 on revenue of £1.08B. Analysts polled by Investing.com anticipated EPS of £0.351 on revenue of £1.19B.
Ashtead Group shares are up 15% from the beginning of the year and are trading at £3,975.0 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 0.78% from the start of the year.
Ashtead Group shares lost 1.07% in intra-day trade the report.
Ashtead Group follows other major Services sector earnings this month
Ashtead Group's report follows an earnings missed by Relx on February 11, who reported EPS of £0.35 on revenue of £3.61B, compared to forecasts EPS of £34.29 on revenue of £3,652M.
Ocado had beat expectations on February 9 with fourth quarter EPS of £-0.09 on revenue of £1.25B, compared to forecast for EPS of £-0.13 on revenue of £1,221M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar