McGrath Rentcorp (MGRC) Tops Q3 EPS by 11c

McGrath Rentcorp (NASDAQ: MGRC) reported Q3 EPS of $1.01, $0.11 better than the analyst estimate of $0.90. Revenue for the quarter came in at $143.1 million versus the consensus estimate of $139.87 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 its 2018 total operating profit to increase 18% to 21% above 2017 results, as compared to our prior expectation of an 11% to 15% increase.

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

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