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Mobile Mini: 3Q Earnings Snapshot

PHOENIX (AP) _ Mobile Mini Inc. (MINI) on Thursday reported third-quarter net income of $22.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Phoenix-based company said it had net income of 51 cents. Earnings, adjusted for non-recurring costs, were 54 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The portable storage company posted revenue of $153.5 million in the period.

Mobile Mini shares have increased 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.62, a drop of 8.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MINI at https://www.zacks.com/ap/MINI