United Rentals: Q3 Earnings Snapshot
STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported third-quarter earnings of $703 million.
STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported third-quarter earnings of $703 million.
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On a per-share basis, the Stamford, Connecticut-based company said it had net income of $10.29. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $11.73 per share.
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The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $11.32 per share.
The equipment rental company posted revenue of $3.77 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $3.68 billion.
United Rentals expects full-year revenue in the range of $14.1 billion to $14.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on URI at https://www.zacks.com/ap/URI