United Rentals misses profit estimates on inflationary costs
United Rentals , which rents out equipment to the manufacturing and construction sectors across North America, missed analysts' estimate for fourth-quarter profit on Wednesday, hit by inflationary costs.
United Rentals’s (NYSE:URI) Q4 Sales Top Estimates
Equipment rental company United Rentals (NYSE:URI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 9.8% year on year to $4.10 billion. The company expects the full year’s revenue to be around $15.
United Rentals shares fall 2% as Q4 earnings miss estimates
NEW YORK - United Rentals Inc (NYSE:URI) reported fourth quarter earnings that missed analyst expectations on Wednesday, sending shares down 2.4% in after-hours trading despite better-than-expected revenue.
United Rentals: Q4 Earnings Snapshot
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $10.47. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $11.59 per share.
Factors Setting the Tone for United Rentals' Q4 Earnings
URI's fourth-quarter 2024 results are likely to reflect large infrastructure projects and growth in its Specialty business. Slower growth in General Rental, inflation and cost pressures are risks.
Bernstein Remains a Sell on United Rentals (URI)
In a report released yesterday, Chad Dillard from Bernstein maintained a Sell rating on United Rentals (URI – Research Report), with a price
United Rentals (URI) Misses Q4 Earnings Estimates
United Rentals (URI) came out with quarterly earnings of $11.59 per share, missing the Zacks Consensus Estimate of $11.77 per share. This compares to earnings of $11.26 per share a year ago. These figures are adjusted for non-recurring items.
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United Rentals to Acquire H&E Rentals in $4.8B Deal
United Rentals will pay out roughly $4.8 billion to acquire fellow equipment rental company H&E Rentals, receiving 160 U.S.
United Rentals Inc. stock underperforms Wednesday when compared to competitors
This was the stock's third consecutive day of losses.