McGrath Rentcorp (MGRC) Tops Q3 EPS by 12c, Beats on Revenues

McGrath Rentcorp (NASDAQ: MGRC) reported Q3 EPS of $0.69, $0.12 better than the analyst estimate of $0.57. Revenue for the quarter came in at $135.4 million versus the consensus estimate of $124.9 million.

FINANCIAL OUTLOOK:

Based upon the Company’s year to date results and current outlook for the remainder of the year, the Company is raising its financial outlook and expects 2017 total Company operating profit to increase 15% to 18% above 2016, compared to our prior expectation of a 9% to 12% increase.

For earnings history and earnings-related data on McGrath Rentcorp (MGRC) click here.

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