AMERCO Reports Second Quarter Fiscal 2020 Financial Results

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AMERCO (UHAL) Misses Q2 EPS by 97c, Revenues Beat

November 6, 2019 4:29 PM EST

AMERCO (NASDAQ: UHAL) reported Q2 EPS of $7.97, $0.97 worse than the analyst estimate of $8.94. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.12 billion.

Highlights of Second Quarter Fiscal 2020 Results

Self-moving equipment rental revenues increased $22.6 million or 3% during the second quarter of fiscal 2020, compared with the second quarter of fiscal 2019 from improvements in both One-way and in-town markets. Compared with the same period last year, we increased the number of Company-owned locations, along with trucks, trailers and towing devices in the rental fleet.Self-storage revenues increased $13.5 million... More