Revenue Update on Textainer Group Holdings Limited(NYSE:TGH)

Textainer Group Holdings Limited(NYSE:TGH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $127.45M. Analysts estimated a revenue of $125.61M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.15.

Textainer Group Holdings Limited (TGH) made into the market gainers list on Wednesdays trading session with the shares advancing 1.19% or 0.11 points. Due to strong positive momentum, the stock ended at $9.33, which is also near the day’s high of $9.39. The stock began the session at $9.24 and the volume stood at 1,72,369 shares. The 52-week high of the shares is $21.12 and the 52 week low is $7.125. The company has a current market capitalization of $528 M and it has 5,65,90,797 shares in outstanding.

Textainer Group Holdings Limited (TGH) is a holding company. The Company is involved in the purchase ownership management leasing and disposal of a fleet of intermodal containers. The Company is a lessor of intermodal containers based on fleet size with a total fleet of more than 2.1 million containers. The Company leases containers to approximately 400 shipping lines and other lessees. It is a seller of used containers. The Company provides its services across the world through an international network of 14 regional and area offices and 485 independent depots. The Company operates in three segments: Container Ownership Container Management which provides acquisition management and disposal services and Container Resale which includes selling containers from its fleet and also purchases and leases or resells containers from shipping line customers container traders and other sellers of containers.

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