United Rentals misses third-quarter profit estimates on lower margins [Yahoo! Finance Canada]
United Rentals, Inc. (URI)
Last united rentals, inc. earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
unitedrentals.com/our-company/investor-relations/investor-presentations
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Source: Yahoo! Finance Canada
Shares of the company fell nearly 3% after the bell. The slow recovery of non-residential construction and persisting supply chain issues continue to weigh on costs for equipment dealers and are hurting margins. The Stamford, Connecticut-based company posted quarterly profit of $11.80 per share, compared with analysts' average of $12.48 per share, according to data compiled by LSEG. Its specialty rentals segment, however, continued to see robust demand during the quarter, driving a nearly 24% rise in revenue to $1.14 billion. Total revenue for the quarter ended September 30, rose 7.4% to $3.46 billion, compared with estimates of $4.01 billion. United Rentals narrowed its full-year revenue forecast to range between $15.1 billion and $15.3 billion, compared with the earlier estimated range of $15.05 billion to $15.35 billion, while maintaining a mid-point of $15.2 billion, which comes in line LSEG estimates. (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Mohammed
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URI
Earnings
- 10/23/24 - Miss
URI
Sec Filings
- 10/29/24 - Form 4
- 10/28/24 - Form 144
- 10/23/24 - Form 8-K
- URI's page on the SEC website