H&E Equipment Services Down In Pre-market After Q1 Profit Misses Consensus Estimate

(RTTNews) - Shares of H&E Equipment Services, Inc. (HEES) were falling more than 6 percent in pre-market on Tuesday to $55.20, after reporting first-quarter earnings below analysts' view.

Profit for the first quarter was $25.89 million, or $0.71 per share, compared with $25.67 million, or $0.71 per share a year ago. Earnings missed the average estimate of 5 analysts polled by Thomson-Reuters of $0.78 per share.

Revenue for the quarter rose 15.2 percent to $371.357 million from $322.482 million last year. The consensus estimate was for $352.52 million.

H&E shares had closed at $59.22 on Monday. The stock has been trading in the range of $32.33 - $66.18 in the last 1 year.