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Stock Market & Financial Investment News

News Breaks
February 12, 2013
08:47 EDTTGHTextainer reprots Q4 $1.03, consensus 95c
Reports Q4 revenue $127.28M, consensus $131.73M
News For TGH From The Last 14 Days
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May 13, 2013
06:19 EDTTGHTextainer to host analyst day
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May 7, 2013
09:07 EDTTGHTextainer says it is difficult to predict the market for remainder of the year
"Demand was softer than expected during the Q1 and we saw several shipping lines purchasing containers," stated the company. "Due in part to the abundance of liquidity in the marketplace, we have seen aggressive pricing for new business which has served to compress yields. Nevertheless, we are well positioned as we move through 2013 given our strong investments over the past six months at very attractive prices. At this time, it is very difficult to predict market conditions for the remainder of the year. We currently expect to see stronger demand in the Q3. We also expect that container lessors will purchase between 50-60% of total output although output is likely to fall below that of 2012. On the other hand, we expect to see an increasing number of purchase leaseback opportunities. We remain excited about our prospects for 2013," concluded Mr. Brewer.
09:06 EDTTGHTextainer reports Q1 adj. EPS 81c, consensus 92c
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