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United Rentals: 3Q Earnings Snapshot

STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported third-quarter profit of $391 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of $5.08. Earnings, adjusted for non-recurring costs, came to $5.96 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.53 per share.

The equipment rental company posted revenue of $2.49 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.45 billion.

United Rentals expects full-year revenue in the range of $9.25 billion to $9.35 billion.

United Rentals shares have increased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $121.73, a decrease 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