Electro Rent Corp (ELRC) Reports Q3 EPS of $0.04/Share
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Electro Rent Reports Fiscal 2016 Third Quarter Financial Results
April 8, 2016 8:00 AM EDTVAN NUYS, Calif.--(BUSINESS WIRE)-- Electro Rent Corporation (Nasdaq: ELRC) today reported financial results for the fiscal third quarter ended February 29, 2016.
During the third quarter, Electro Rent continued to work through the expiration of our Keysight Technologies reseller agreement, which impacted both total revenues and profit, as well as a general business climate in which expected revenue gains have not materialized as quickly as we had hoped, said Daniel Greenberg, Chairman and CEO of Electro Rent. New equipment sales declined compared with the third quarter last year, while used equipment sales held... More
