TAL Int'l Profit Rises, Meets Estimates - Quick Facts

(RTTNews) - TAL International Group Inc. (TAL), a lessor of intermodal containers, Wednesday reported second-quarter net income of $38 million or $1.12 per share, compared with $29 million or $0.87 per share last year.

Excluding items, adjusted earnings for the quarter were $36 million or $1.07 per share, compared with $33.6 million or $1.00 per share a year ago.

Total revenues for the quarter were $172 million, compared with $150 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.07 per share on revenues of $157.32 million for the quarter. Analysts' estimates usually exclude special items.

Looking ahead, TAL expects container leasing revenues to be fairly steady, but anticipates used container sale prices to moderate.

The company has declared a quarterly dividend of $0.68 per common share quarterly, payable on September 24 to shareholders as of record on September.