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McGrath: Q2 Earnings Snapshot
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LIVERMORE, Calif. (AP) — LIVERMORE, Calif. (AP) — McGrath RentCorp (MGRC) on Wednesday reported second-quarter net income of $33.7 million.

On a per-share basis, the Livermore, California-based company said it had profit of $1.37.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The business-to-business rental company posted revenue of $221.1 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $237.4 million.

McGrath expects full-year revenue in the range of $955 million to $985 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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