STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported fourth-quarter profit of $689 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $10.47. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $11.59 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $11.77 per share.
The equipment rental company posted revenue of $4.1 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $3.94 billion.
For the year, the company reported profit of $2.58 billion, or $38.69 per share. Revenue was reported as $15.35 billion.
United Rentals expects full-year revenue in the range of $15.6 billion to $16.1 billion.
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