STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported fourth-quarter profit of $310 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $3.80. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $4.85 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.77 per share.
The equipment rental company posted revenue of $2.31 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.21 billion.
For the year, the company reported profit of $1.1 billion, or $13.12 per share. Revenue was reported as $8.05 billion.
United Rentals expects full-year revenue in the range of $9.15 billion to $9.55 billion.
United Rentals shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $116, a fall of 38 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