Stock Track | Custom Truck One Source Plunges as Q3 Results Miss Estimates

Stock Track

Oct 31, 2024

Shares of Custom Truck One Source Inc (CTOS) plummeted by 6.30% on October 31, 2024, following the release of the company's disappointing financial results for the third quarter ended September 30, 2024.

The auto vehicle parts and service retailer reported a quarterly adjusted loss of $0.07 per share, worse than analysts' expectations of a $0.03 loss per share. Revenue rose 3% year-over-year to $447.22 million, but fell short of analysts' estimates of $448.36 million.

Custom Truck One Source also reported a net loss of $17.42 million for the quarter, further disappointing investors. The company's stock had gained 5.2% during the quarter but has lost a staggering 41.3% so far in 2024, reflecting the challenges faced by the company and the broader industry.

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Revenue rose 3% year-over-year to $447.22 million, but fell short of analysts' estimates of $448.36 million.</p>\n\n<p>Custom Truck One Source also reported a net loss of $17.42 million for the quarter, further disappointing investors. The company's stock had gained 5.2% during the quarter but has lost a staggering 41.3% so far in 2024, reflecting the challenges faced by the company and the broader industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTOS","symbol_name":"Custom Truck One Source Inc","start_time":0,"source_url":"","article_id":"1156881852","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156881852","pubTimestamp":1730381585,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Custom Truck One Source Inc  plummeted by 6.30% on October 31, 2024, following the release of the company's disappointing financial results for the third quarter ended September 30, 2024.The auto vehicle parts and service retailer reported a quarterly adjusted loss of $0.07 per share, worse than analysts' expectations of a $0.03 loss per share. 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