Shares of Ritchie Bros Auctioneers (NYSE:RBA) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 1.85% year over year to $0.55, which missed the estimate of $0.61.
Revenue of $396,361,000 rose by 1.88% from the same period last year, which missed the estimate of $416,780,000.
Looking Ahead
Earnings guidance hasn’t been issued by the company for now.
Revenue guidance hasn’t been issued by the company for now.
Recent Stock Performance
Company’s 52-week high was at $78.64
52-week low: $46.39
Price action over last quarter: down 12.36%
Company Overview
British Columbia-based Ritchie Bros. operates the world’s leading marketplace for heavy equipment. Started in 1958 as a live auctioneer of industrial equipment, it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment in a variety of venues. It now operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. In 2020, the company held 315 auctions, selling over $5 billion worth of equipment.
