Electro Rent (ELRC) Q1 EPS Fall, But Tops Street Consensus by 1c
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- Electro Rent (ELRC) Q1 EPS Fall, But Tops Street Consensus by 1c
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Electro Rent Corp. (Nasdaq: ELRC) reports Q1 EPS of $0.09, 1 cent above the consensus of $0.08 but down from $0.17 last year. Revenues came in at $32.2 million, versus $35 last year.
Equipment purchases for the fiscal 2010 first quarter were $9.3 million, compared with $17.3 million for the fiscal 2009 first quarter. The book value of Electro Rent's equipment pool was $150.1 million at August 31, 2009, versus $158.3 million at May 31, 2009.
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