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Company News

BUZZ-Ritchie Bros. Auctioneers: Rises on revenue beat

** Shares of Ritchie Bros. up 9.2 pct at C$37.96; U.S.-listed shares also jump

** Both stocks rise as much as 12 pct, best day in over 5 months

** Co, which auctions used industrial equipment, posts Q2 revenue of $166.2 mln, beating estimates by $3.5 mln

** Results helped by recently completed acquisition of Caterpillar-backed IronPlanet Holdings Inc

** More than 312,000 Toronto-listed shares traded, 2.2x their 30-day moving avg

** Up to Monday’s close, RBA had fallen 18.7 pct on TSX and 16.8 pct on NYSE this year

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