United Rentals, Inc. Q1 Profit Decreases, But Beats Estimates

(RTTNews) - United Rentals, Inc. (URI) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $518 million, or $7.91 per share. This compares with $542 million, or $8.04 per share, last year.

Excluding items, United Rentals, Inc. reported adjusted earnings of $8.86 per share for the period.

Analysts on average had expected the company to earn $8.81 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.7% to $3.719 billion from $3.485 billion last year.

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

-Earnings: $518 Mln. vs. $542 Mln. last year. -EPS: $7.91 vs. $8.04 last year. -Revenue: $3.719 Bln vs. $3.485 Bln last year.

-Guidance: Full year revenue guidance: $15.6 - $16.1 Bln