New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:07 EDTELRCElectro Rent reports Q3 EPS 19c, one estimate 24c
Reports Q3 revenue $62M vs. $64.7M last year. The company said, "Used equipment sales grew year-over-year, and we experienced a pick-up in rentals for both the telecom services and industrial sectors. Our China business was well ahead of last year, and progress was made in our data products segment. Our European business remained steady, and our total rental and lease business was similar to last year. Gains in the above segments helped mitigate declines in new equipment sales and rentals related to the continued weakness in our aerospace/defense and semiconductor business segments. Defense spending continued to be under pressure, even though changes in the sequestration formula and a formal budget were put into place, and the immediate future with respect to this important segment of our economy remains uncertain. We are continuing to work with our customers in this segment as they make decisions as to how they will function with these new rules now in effect.
News For ELRC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 24, 2015
08:06 EDTELRCElectro Rent becomes authorized distributor for R&S in the U.S., Canada
Electro Rent Corporation announced that it has been named an authorized distributor for Rohde & Schwarz test equipment throughout the United States and Canada. Under terms of the agreement, Electro Rent will offer a wide range of Rohde & Schwarz equipment and support to customers.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use