Custom Truck One Source (CTOS) said after close Tuesday that it earned $0.04 per share in quarter three 2023.
On the revenue line, the company reported $434.4 million, beating estimates by $16.1 million.
In the same quarter a year ago, the company lost $0.01 per share on revenue of $357.8 million.
The stock is down 21.24% to $4.82 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 43. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Custom Truck One Source Inc is a one-stop-shop provider of specialty equipment in the electric utility transmission and distribution, telecom, rail, and infrastructure end-markets in North America. The company's segment includes Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). It generates maximum revenue from the TES segment. Geographically, it derives a majority of revenue from the United States.
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Custom Truck One Source Down 21.24% To $4.82 After Earnings Miss
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