H&E Equipment Services Inc. Bottom Line Falls 28% In Q4

(RTTNews) - H&E Equipment Services Inc. (HEES) revealed a profit for fourth quarter that retreated from last year.

The company said its earnings fell to $11.97 million, or $0.34 per share. This was lower than $16.68 million, or $0.47 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.2% to $273.21 million. This was down from $297.76 million last year.

H&E Equipment Services Inc. earnings at a glance:

-Earnings (Q4): $11.97 Mln. vs. $16.68 Mln. last year. -Earnings Decline (Y-o-Y): -28.2% -EPS (Q4): $0.34 vs. $0.47 last year. -EPS Decline (Y-o-Y): -27.7% -Analysts Estimate: $0.39 -Revenue (Q4): $273.21 Mln vs. $297.76 Mln last year. -Revenue Change (Y-o-Y): -8.2%