RB Global Q4 Adj EPS $0.82 Beats $0.70 Estimate, Sales $1.04B Inline
Portfolio Pulse from Benzinga Newsdesk
Ritchie Bros Auctioneers (NYSE:RBA) reported Q4 adjusted earnings of $0.82 per share, surpassing the $0.70 estimate, marking a 20.59% increase from last year. Quarterly sales reached $1.04 billion, aligning with estimates and showing a 134.31% increase from the previous year.
February 23, 2024 | 12:31 pm
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Ritchie Bros Auctioneers reported a significant beat on Q4 adjusted EPS and matched sales estimates with a substantial year-over-year increase.
Beating EPS estimates and matching sales forecasts, especially with such a significant year-over-year growth in sales, is likely to be viewed positively by investors. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
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