AMERCO (UHAL) Misses Q1 EPS by 33c, Sees Lowered Outlook
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AMERCO (Nasdaq: UHAL) reports Q1 EPS of $1.37, 33 cents worse than the analyst estimate of $1.70. Revenues for the quarter were $542.8 million, versus the consensus of $554.50 million.
"Introduction of more new small trucks remains behind schedule due to a strike affecting our supplier. This has lowered our revenue for the quarter and the year,'' stated Joe Shoen, Chairman of AMERCO. "This year is likely going to be another tight one for consumer truck rentals.''
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