UPDATE: Mobile Mini Beats Q4 Views

reported upbeat results for the fourth quarter. The Tempe, Arizona-based company posted a quarterly net profit of $6 million, or $0.13 per share, versus a year-ago profit of $12 million, or $0.26 per share. Excluding non-recurring items, the company's earnings gained to $0.37 per share from $0.28 per share. Its revenue climbed to $123.2 million from $106.8 million. However, analysts were expecting a profit of $0.36 per share on revenue of $116.6 million. Adjusted EBITDA came in at $49.0 million in the quarter, while adjusted EBITDA margin was 39.8% in the same period. Mobile Mini lifted its quarterly dividend by 10% to 18.7 cents per share from 17 cents per share. Erik Olsson, Mobile Mini's President and Chief Executive Officer, said, "During 2014 we re-aligned our strategies to stabilize the business, grow revenues and increase profit. The strong fourth quarter and full-year results demonstrate that our approach is working." Mobile Mini shares rose 0.58% to close at $38.01 yesterday.