Textainer Group Holdings Limited (TGH) reported that its first-quarter net income attributable to Limited common shareholders increased to $49.91 million or $0.99 per share, from $37.19 million or $0.75 per share in the same quarter last year.
Adjusted net income per share increased to $0.97 from $0.71 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $117.52 million from $91.20 million in the prior year quarter. Eight analysts had consensus revenue estimate of $111.03 million for the quarter.
On May 4, 2012, Textainer's board approved and declared a quarterly cash dividend of $0.40 per share on Textainer's issued and outstanding common shares, payable on May 29, 2012 to shareholders of record as of May 18, 2012. This dividend is an increase of $0.03 per share from the prior quarter.
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