BALTIMORE (AP) _ WillScot Corp. (WSC) on Thursday reported a second-quarter loss of $10.9 million, after reporting a profit in the same period a year earlier.
The Baltimore-based company said it had a loss of 10 cents per share. Losses, adjusted to extinguish debt and for asset impairment costs, were 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The maker of portable classrooms, mobile offices and storage units posted revenue of $266.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $262.7 million.
WillScot expects full-year revenue in the range of $1.05 billion to $1.1 billion.
WillScot shares have risen 64% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.49, a drop of roughly 6% in the last 12 months.