STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported first-quarter profit of $173 million.
The Stamford, Connecticut-based company said it had profit of $2.33 per share. Earnings, adjusted for costs related to mergers and acquisitions and asset impairment costs, were $3.35 per share.
The equipment rental company posted revenue of $2.13 billion in the period.
United Rentals shares have decreased 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $126.02, a fall of 11% in the last 12 months.