Ashtead Group's Q2 Earnings Miss Estimates, Revenues Rise Y/Y
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Ashtead Group reported a year-over-year increase in Q2 revenues due to higher rental revenues but missed earnings estimates. The company lowered its FY25 revenue growth guidance, citing a weaker U.S. market.
December 13, 2024 | 4:30 pm
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Ashtead Group's Q2 earnings missed estimates despite a year-over-year increase in revenues. The company has lowered its FY25 revenue growth guidance due to a weaker U.S. market.
The earnings miss and lowered revenue growth guidance are likely to negatively impact ASHTY's stock price in the short term. The weaker U.S. market is a significant factor in the revised guidance.
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