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Stock impact report

United Rentals posts upbeat results on robust demand for rental equipment [Yahoo! Finance Canada]

United Rentals, Inc. (URI) 
Last united rentals, inc. earnings: 4/29 04:15 pm Check Earnings Report
Rentals revenues at the company grew by 7.4% to $3.14 billion in the reported quarter from a year ago, while sales of used equipment fell by 1.6%. "Our new $1.5 billion share repurchase authorization, and balance sheet strength, allows us to continue driving profitable growth," CEO Matthew Flannery said. In February, United Rentals dropped its plans to acquire peer H&E Equipment Services after the latter received a "superior" bid from rival Herc Holdings. The company said it received a break-up fee of $64 million after the H&E deal fell through. United Rentals posted an adjusted profit of $8.86 per share for the quarter ended March 31, compared with analysts' average estimate of $8.83 per share, according to data compiled by LSEG. The company reported total revenue of $3.72 billion, while analysts had expected $3.60 billion. The company also re-affirmed its full-year forecast of total revenue between $15.6 billion to $16.1 billion, the mid-point of which is above analysts Show less Read more
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