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.