United Rentals, Inc. Q3 Profit Increases, But Misses Estimates

(RTTNews) - United Rentals, Inc. (URI) released earnings for its third quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line totaled $708 million, or $10.70 per share. This compares with $703 million, or $10.29 per share, in last year's third quarter.

Excluding items, United Rentals, Inc. reported adjusted earnings of $11.80 per share for the period.

Analysts on average had expected the company to earn $12.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.0% to $3.992 billion from $3.765 billion last year.

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

-Earnings (Q3): $708 Mln. vs. $703 Mln. last year. -EPS (Q3): $10.70 vs. $10.29 last year. -Revenue (Q3): $3.992 Bln vs. $3.765 Bln last year.

-Guidance: Full year revenue guidance: $15.10 - 15.30 Bln