Electro Rent Corp (ELRC) Misses Q4 EPS by 3c
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Electro Rent Reports Fiscal 2015 Fourth Quarter and Full Year Financial Results
August 13, 2015 4:12 PM EDTVAN NUYS, Calif.--(BUSINESS WIRE)-- Electro Rent Corporation (Nasdaq: ELRC) today reported financial results for the fiscal fourth quarter and full year ended May 31, 2015.
Total revenues for the fiscal 2015 fourth quarter were $60.4 million, compared with $61.1 million for the same quarter last year. Rental and lease revenues amounted to $31.6 million, versus $34.1 million one year ago. Sales of equipment and other revenues grew to $28.8 million for the fiscal 2015 fourth quarter, up from $27.0 million for the comparable period in fiscal 2014.
We are encouraged by several areas of our business, said Daniel... More
