Mobile Mini Reports Q2 Loss - Quick Facts

(RTTNews) - Mobile Mini, Inc.(MINI), a supplier of portable storage solutions, Friday reported a second-quarter loss, impacted by certain charges, despite increase in revenues.

For the three-month period, the company reported net loss of $14.4 million or $0.32 per share, compared with net income of $7.3 million or $0.16 per share during the same quarter last year. The recent quarter's net income include a charge of $40.3 million, of which $39.7 million was non-cash, related to the impairment of certain leasing and other assets.

Excluding the charges, the adjusted net income for the quarter was $11.6 million or $0.25 per share. On average, six analysts polled by Thomson Reuters expected earnings per share of $0.26 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the second-quarter increased to $97.5 million from prior year's $93.2 million. Analysts expected the company to report revenues of $99.3 million for the quarter.