McGrath RentCorp (MGRC) reported second-quarter net income of $10.5 million or $0.42 per share, down from last year's $11.4 million or $0.46 per share in the same period.
On average, 4 analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the latest quarter rose 5 percent to $83.8 million from $79.5 million last year. Three analysts had a consensus revenue estimate of $86.87 million for the quarter.
McGrath RentCorp said that it has revised its 2012 full-year earnings guidance range to $1.70 to $1.85 per share from the previous guidance range of $2.02 to $2.12 per share.
Analysts currently expect the company to earn $2.05 per share for the full year 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.