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United Rentals: 3Q Earnings Snapshot

STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported third-quarter earnings of $333 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of $4.01. Earnings, adjusted for non-recurring costs, were $4.74 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.54 per share.

The equipment rental company posted revenue of $2.12 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.02 billion.

United Rentals expects full-year revenue in the range of $7.77 billion to $7.87 billion.

United Rentals shares have declined 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $139.04, a decline of 3 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