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McGrath: 3Q Earnings Snapshot

·1 min read

LIVERMORE, Calif. (AP) _ McGrath RentCorp (MGRC) on Thursday reported third-quarter earnings of $28.1 million.

The Livermore, California-based company said it had profit of $1.15 per share.

The business-to-business rental company posted revenue of $156.4 million in the period.

For the current quarter ending in December, McGrath said it expects revenue in the range of $140 million to $150 million.

McGrath shares have decreased 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $58.37, a fall of 18% 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