Amerco Trading over 9% Higher after Quarterly Results

AMERCO UHAL yesterday reported net earnings available to common shareholders for the year ended March 31, 2011 were $171 million, or $8.80 per share, compared with $53.2 million, or $2.74 per share for the same period last year. For the quarter ended March 31, 2011, the Company reported net earnings available to common shareholders of $10.2 million, or $0.52 per share, compared with a net loss of $8.2 million, or $0.43 per share for the same period last year. "We are pleased with our operating results for fiscal 2011," according to Joe Shoen, chairman of AMERCO. "Throughout the year we made significant progress towards our goals of improving customer service and have continued to make the delivery of our products and services more efficient."