United Rentals, Inc. Q1 Profit Increases, beats estimates

(RTTNews) - United Rentals, Inc. (URI) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $451 million, or $6.47 per share. This compares with $367 million, or $5.05 per share, in last year's first quarter.

Excluding items, United Rentals, Inc. reported adjusted earnings of $7.95 per share for the period.

Analysts on average had expected the company to earn $7.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.6% to $3.29 billion from $2.52 billion last year.

United Rentals, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $451 Mln. vs. $367 Mln. last year. -EPS (Q1): $6.47 vs. $5.05 last year. -Analyst Estimate: $7.92 -Revenue (Q1): $3.29 Bln vs. $2.52 Bln last year.

-Guidance: Full year revenue guidance: $13.7 - $14.2 Bln