Custom Truck One Source Swings to Q2 Profit, Revenue Rises; Shares Gain After Hours
Custom Truck One Source (CTOS) reported Q2 earnings late Monday of $0.05 per diluted share, compared with the loss of $0.13 a year earlier.Four analysts polled by FactSet expected earnings of $0.01.Revenue in the three months ended June 30 rose to $563.4 million from $511.5 million a year ago.Analysts surveyed projected $509.8 million.The company expects full-year revenue of $2.1 billion to $2.2 billion. Analysts project $2.05 billion.The company's shares jumped 10% in after-hours trading.