Textainer reports 4Q loss

HAMILTON, Bermuda (AP) _ Textainer Group Holdings Ltd. (TGH) on Thursday reported a fourth-quarter loss of $346,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, came to 24 cents per share.

The shipping container leasing company posted revenue of $120.1 million in the period.

For the year, the company reported a loss of $50.7 million, or 89 cents per share, swinging to a loss in the period. Revenue was reported as $498.2 million.

Textainer shares have more than doubled since the beginning of the year. The stock has risen 67 percent 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 TGH at https://www.zacks.com/ap/TGH


Keywords: Textainer Group, Earnings Report