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U-Haul Parent Amerco Had Another Challenging Quarter on the Earnings Front

TheMotleyFool

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U-Haul Parent Amerco Had Another Challenging Quarter on the Earnings Front

Amerco (NASDAQ: UHAL) reported its fiscal second-quarter 2018 earnings after the market closed on Wednesday. The parent company of the do-it-yourself moving leader and growing self-storage player U-Haul, which also has two insurance company subsidiaries, grew revenue 4.4%, while adjusted earnings per share (EPS) dropped 23% from the year-ago quarter.

Shares of Amerco declined 2.2% on the next trading day, likely reflecting disappointment about the magnitude of the earnings loss.

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Source: Fool.com