Textainer Group Holdings Q2 Profit Rises

(RTTNews) - Textainer Group Holdings Limited (TGH) reported that its second-quarter net income attributable to common shareholders was $48.8 million or $0.86 per share, compared to $45.8 million or $0.91 per share in the comparable quarter last year.

Adjusted net income for the latest second quarter was $45.7 million, up from $44.7 million in the year-ago period. Adjusted earnings per share for the quarter dropped to $0.80, from $0.89 last year. On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.95 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $130.08 million from $119.99 million in the prior year quarter, while ten analysts expected revenue of $135.92 million for the quarter.