Mobile Mini Q1 Adj. Profit Misses View - Quick Facts

(RTTNews) - Mobile Mini, Inc. (MINI) on Wednesday reported first-quarter net income of $7.44 million or $0.16 per share, down from $12.04 million or $0.26 per share in the year-ago period.

Adjusted earnings for the quarter were $8.04 million or $0.17 per share, compared to $12.35 million or $0.27 per share in the prior-year period. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $102.40 million from $97.51 million in the same period last year. Analysts had a consensus revenue estimate of $100.99 million.

Erik Olsson, Mobile Mini's President and Chief Executive Officer said, "Regarding our outlook, we continue to expect our year-over-year top line growth rate and profitability to exceed that of 2013, which will lead to increased free cash flow generation for the year."

Street expects the company to earn $1.21 per share for the year on revenues of $437.83 million.

The company will pay its regular quarterly cash dividend of $0.17 per share on June 4, 2014 to shareholders of record on May 21, 2014.