RB Global Q2 Adj $0.94 Beats $0.84 Estimate, Sales $1.10B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
RB Global (NYSE:RBA) reported Q2 earnings of $0.94 per share, beating the analyst estimate of $0.84. However, sales of $1.10 billion missed the $1.13 billion estimate.
August 06, 2024 | 11:32 am
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RB Global reported Q2 earnings of $0.94 per share, beating the analyst estimate of $0.84. However, sales of $1.10 billion missed the $1.13 billion estimate.
The earnings beat is a positive sign, indicating better-than-expected profitability. However, the sales miss could raise concerns about revenue growth. The mixed results may lead to neutral short-term price movement.
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