STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported third-quarter profit of $701 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $10.91. Earnings, adjusted for one-time gains and costs, were $11.70 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $12.49 per share.
The equipment rental company posted revenue of $4.23 billion in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $4.16 billion.
United Rentals expects full-year revenue in the range of $16 billion to $16.2 billion.
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