LIVERMORE, Calif. (AP) 鈥� LIVERMORE, Calif. (AP) 鈥� McGrath RentCorp (MGRC) on Wednesday reported first-quarter profit of $27 million.
The Livermore, California-based company said it had profit of $1.10 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The business-to-business rental company posted revenue of $198.5 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $196.8 million.
McGrath expects full-year revenue in the range of $945 million to $995 million.
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