STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — United Rentals Inc. (URI) on Wednesday reported second-quarter profit of $753 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $12.03. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $12.76 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $11.67 per share.
The equipment rental company posted revenue of $4.41 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $4.24 billion.
United Rentals expects full-year revenue in the range of $17.5 billion to $17.8 billion.
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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
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