STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported fourth-quarter earnings of $481 million.
The Stamford, Connecticut-based company said it had net income of $6.61 per share. Earnings, adjusted for non-recurring costs, came to $7.39 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $6.91 per share.
The equipment rental company posted revenue of $2.78 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.76 billion.
For the year, the company reported profit of $1.39 billion, or $19.04 per share. Revenue was reported as $9.72 billion.
United Rentals expects full-year revenue in the range of $10.65 billion to $11.05 billion.
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