LIVERMORE, Calif. (AP) — LIVERMORE, Calif. (AP) — McGrath RentCorp (MGRC) on Wednesday reported third-quarter net income of $48.8 million.
The Livermore, California-based company said it had net income of $2 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The business-to-business rental company posted revenue of $274.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $271.3 million.
McGrath expects full-year revenue in the range of $945 million to $960 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGRC at https://www.zacks.com/ap/MGRC
