AP NEWS
Click to copy
Click to copy

General Finance: Fiscal 4Q Earnings Snapshot

September 11, 2019

PASADENA, Calif. (AP) _ General Finance Corp. (GFN) on Wednesday reported fiscal fourth-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Pasadena, California-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.

The owner of mobile storage, liquid containment and modular space businesses posted revenue of $96.2 million in the period.

For the year, the company reported that its loss narrowed to $7.5 million, or 38 cents per share. Revenue was reported as $378.2 million.

General Finance expects full-year revenue in the range of $370 million to $390 million.

General Finance shares have dropped 31% since the beginning of the year. The stock has decreased 52% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GFN at https://www.zacks.com/ap/GFN

All contents © copyright 2019 The Associated Press. All rights reserved.