Ritchie Bros Auctioneers Q1 2024 Adj EPS $0.90 Beats $0.70 Estimate, Sales $1.10B Beat $998.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ritchie Bros Auctioneers (NYSE:RBA) reported Q1 2024 earnings of $0.90 per share, surpassing the $0.70 estimate, with sales of $1.10B exceeding the $998.31M forecast. This represents a 114.68% increase over the previous year's sales of $512.40M.
May 09, 2024 | 8:14 pm
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Ritchie Bros Auctioneers reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year sales growth.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year growth in sales, is likely to positively impact investor sentiment and potentially drive the stock price up in the short term.
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IMPORTANCE 90
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