United Rentals, Inc. (URI) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $481 million, or $6.61 per share. This compares with $297 million, or $4.09 per share, in last year's fourth quarter.
Excluding items, United Rentals, Inc. reported adjusted earnings of $7.39 per share for the period.
Analysts on average had expected the company to earn $6.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.9% to $2.78 billion from $2.28 billion last year.
United Rentals, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $481 Mln. vs. $297 Mln. last year.
-EPS (Q4): $6.61 vs. $4.09 last year.
-Analyst Estimate: $6.72
-Revenue (Q4): $2.78 Bln vs. $2.28 Bln last year.
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