Investing.com - Ashtead Group (LON:AHT) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ashtead Group announced earnings per share of £0.71 on revenue of £1.85B. Analysts polled by Investing.com anticipated EPS of £0.514 on revenue of £1.29B.
Ashtead Group shares are up 79% from the beginning of the year, still down 1.00% from its 52 week high of £6,224.00 set on September 16. They are outperforming the FTSE 100 which is up 8.78% from the start of the year.
Ashtead Group follows other major Services sector earnings this month
Ashtead Group's report follows an earnings beat by JD Sports Fashion on Tuesday, who reported EPS of £0.22 on revenue of £3.89B, compared to forecasts EPS of £-3.35 on revenue of £2,327M.
Morrison Supermarkets had missed expectations on September 9 with second quarter EPS of £-0.02 on revenue of £9.05B, compared to forecast for EPS of £5.77 on revenue of £8,718M.
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