Textainer Group Holdings Ltd. (TGH) Misses Q3 EPS Views; Approves Buyback of Stock

Textainer Group Holdings Ltd. (NYSE: TGH) reported Q3 EPS of $0.31, $0.35 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $135.6 million versus the consensus estimate of $138.19 million.

On October 30, 2015, the Company’s board of directors authorized the repurchase of up to $100 million of the Company’s common shares. Under the program, the Company may purchase its common shares from time to time in the open market or in privately negotiated transactions. The Company may also from time to time establish a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate purchases of its common shares under this authorization.

For earnings history and earnings-related data on Textainer Group Holdings Ltd. (TGH) click here.

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