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U-Haul Parent Amerco's Revenue Increases, but Earnings Decline

TheMotleyFool

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U-Haul Parent Amerco's Revenue Increases, but Earnings Decline

Amerco (NASDAQ: UHAL) reported its fiscal first-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, posted a 3.8% year-over-year increase in revenue, while earnings per share declined 14.2%.

Shares of Amerco closed down 7.9% on Thursday.

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Source: Fool.com