Ritchie Bros.: Q3 Earnings Snapshot

BURNABY, British Columbia (AP) _ Ritchie Bros. Auctioneers Inc. (RBA) on Monday reported third-quarter earnings of $42.9 million.

The Burnaby, British Columbia-based company said it had net income of 38 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 53 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The heavy equipment auctioneer posted revenue of $411.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $371.3 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RBA">Zacks stock report on RBA at https://www.zacks.com/ap/RBA