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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