STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported fourth-quarter earnings of $653 million.
The Stamford, Connecticut-based company said it had profit of $10.27 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $11.09 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $11.90 per share.
The equipment rental company posted revenue of $4.21 billion in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $4.26 billion.
For the year, the company reported profit of $2.49 billion, or $38.61 per share. Revenue was reported as $16.1 billion.
United Rentals expects full-year revenue in the range of $16.8 billion to $17.3 billion.
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