Ritchie Bros. reports fourth quarter and 2020 annual results
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Ritchie Bros. Auctioneers (RBA) Misses Q4 EPS by 7c
February 18, 2021 5:29 PM ESTRitchie Bros. Auctioneers (NYSE: RBA) reported Q4 EPS of $0.49, $0.07 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $383.4 million versus the consensus estimate of $384.18 million.
Consolidated results:
Total revenue in Q4 2020 increased 15% to $383.4 million as compared to Q4 2019Service revenue in Q4 2020 increased 6% to $231.7 million as compared to Q4 2019Inventory sales revenue in Q4 2020 increased 33% to $151.8 million... More