RB Global, Inc. (RBA) announced its third-quarter earnings, which showed an increase from the previous year's results but failed to meet analysts' expectations.
The net income for the company was $66.9 million, translating to $0.36 per share, compared to $54.7 million, or $0.30 per share, in the third quarter of the previous year.
On an adjusted basis, the company reported earnings of $130.8 million, or $0.71 per share for the same period.
According to data compiled by Thomson Reuters, analysts had anticipated earnings of $0.92 per share, excluding any special items.
Revenue for the quarter saw a decline of 3.7% to $981.8 million, down from $1.019 billion in the prior year.
Key Financial Highlights (GAAP) for RB Global, Inc.:
- Third Quarter Earnings: $66.9 million vs. $54.7 million last year.
- Earnings Per Share (Q3): $0.36 vs. $0.30 last year.
- Revenue (Q3): $981.8 million vs. $1.019 billion last year.
