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United Rentals: 1Q Earnings Snapshot

STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported first-quarter profit of $175 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of $2.19. Earnings, adjusted for amortization costs and non-recurring costs, came to $3.31 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.

The equipment rental company posted revenue of $2.12 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.07 billion.

United Rentals expects full-year revenue in the range of $9.15 billion to $9.5 billion.

United Rentals shares have risen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $125.76, a fall of 29 percent in the last 12 months.


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