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United Rentals: 2Q Earnings Snapshot

STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported second-quarter earnings of $270 million.

The Stamford, Connecticut-based company said it had net income of $3.44 per share. Earnings, adjusted for non-recurring costs, were $4.74 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.48 per share.

The equipment rental company posted revenue of $2.29 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.26 billion.

United Rentals expects full-year revenue in the range of $9.15 billion to $9.45 billion.

United Rentals shares have climbed 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $131.49, a decline of 14% 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