Investing.com - Ashtead Group (LON:AHT) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ashtead Group announced earnings per share of £0.91 on revenue of £2.03B. Analysts polled by Investing.com anticipated EPS of £0.6184 on revenue of £1.43B.
Ashtead Group shares are up 8.54% from the beginning of the year, still down 0.86% from its 52 week high of £6,498.00 set on December 7. They are under-performing the TR UK 50 which is up 11.79% from the start of the year.
Ashtead Group follows other major Industrials sector earnings this month
Ashtead Group's report follows an earnings missed by Larsen&Toubro on November 26, who reported EPS of £0.1715 on revenue of £4.63B, compared to forecasts EPS of £0.1765 on revenue of £4.75B.
DCC had missed expectations on November 9 with second quarter EPS of £0.86 on revenue of £7.52B, compared to forecast for EPS of £96.87 on revenue of £5,872M.
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