UPDATE 1-United Rentals posts higher profit
Third-quarter net income rose to $65 million, or 91 cents a
share, from $23 million, or 33 cents a share, a year ago.Adjusted earnings were 92 cents a share.Revenue rose 18 percent to $713 million.Analysts had expected earnings of 76 cents a share on
revenue of $685.8 million, according to Thomson Reuters I/B/E/S.Rental rates increased 7.5 percent, while volume rose 15
percent during the quarter.Shares of the Greenwich, Connecticut-based company rose to
$23.46 in after-hours trading from its Tuesday close of $21.06
on the New York Stock Exchange.
169 notes
button
