STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported first-quarter earnings of $518 million.
The Stamford, Connecticut-based company said it had profit of $7.91 per share. Earnings, adjusted for non-recurring costs, were $8.86 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $8.84 per share.
The equipment rental company posted revenue of $3.72 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $3.56 billion.
United Rentals expects full-year revenue in the range of $15.6 billion to $16.1 billion.
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