Electro Rent Corp (ELRC) Reports Q3 EPS of $0.10
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Electro Rent Reports Fiscal 2015 Third Quarter Financial Results
April 9, 2015 4:30 PM EDTVAN NUYS, Calif.--(BUSINESS WIRE)-- Electro Rent Corporation (Nasdaq: ELRC) today reported financial results for the fiscal third quarter ended February 28, 2015.
Total revenues for the fiscal 2015 third quarter were $56.3 million, compared with $62.0 million for the same quarter one year ago. Rental and lease revenues amounted to $30.3 million, versus $32.5 million last year. Sales of equipment and other revenues equaled $26.1 million for the fiscal 2015 third quarter, compared with $29.5 million for the comparable prior-year period.
There were encouraging signs in parts of our business during the third quarter, but they did not offset the... More
