BUZZ-Ritchie Bros Auctioneers Inc: Revenue, profit beat estimates

Fri May 8, 2015 11:54am EDT
 
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** Canadian industrial equipment auctioneer's U.S.-listed shares up 8.8 pct at $27.75; Toronto-listed shares up 7.8 pct at C$33.54

** U.S.-listed shares touch near 4-year high; Toronto-listed shares hit record level

** Reports Q1 profit of 22 cents per share vs average analyst estimate of 16 cents

** Revenue $115.6 mln vs estimate $106.4 mln

** Gross auction proceeds rises 11.7 pct to $955.6 mln

** Up to Thursday's close, company's Canada-listed shares had risen 23 pct in past 12 months, while U.S.-listed shares gained 9 pct