Summary : Ritchie Bros. Auctioneers Inc. (RBA) on Thursday reported second-quarter profit of $53.4 million.
The Burnaby, British Columbia-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 74 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
BURNABY, British Columbia (AP) _ Ritchie Bros. Auctioneers Inc. (RBA) on Thursday reported second-quarter profit of $53.4 million.
The Burnaby, British Columbia-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 74 cents per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.The heavy equipment auctioneer posted revenue of $484.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $439 million.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBA at https://www.zacks.com/ap/RBA
