Investing.com - Ashtead Group (LON:AHT) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ashtead Group announced earnings per share of £0.2 on revenue of £1.04B. Analysts polled by Investing.com anticipated EPS of £0.33 on revenue of £1.08B.
Ashtead Group shares are up 8% from the beginning of the year and are trading at £2,623.0 , down-from-52-week-high.They are outperforming the TR UK 50 which is down 18.31% year to date.
Ashtead Group shares gained 8.52% 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 Compass on May 19, who reported EPS of £0.36 on revenue of £12.48B, compared to forecasts EPS of £44.55 on revenue of £12,977M.
Burberry Group had missed expectations on May 22 with fourth quarter EPS of £-0.07 on revenue of £1.35B, compared to forecast for EPS of £0.46 on revenue of £1,537M.
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