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McGrath: 1Q Earnings Snapshot

LIVERMORE, Calif. (AP) _ McGrath RentCorp (MGRC) on Tuesday reported first-quarter net income of $18.4 million.

On a per-share basis, the Livermore, California-based company said it had profit of 75 cents.

The business-to-business rental company posted revenue of $122 million in the period.

McGrath shares have risen 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62, an increase of 5% in the last 12 months.

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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