H&E Equipment Services Inc. Q2 Profit Falls 35%

(RTTNews) - H&E Equipment Services Inc. (HEES) released earnings for second quarter that fell from last year.

The company said its bottom line dropped to $7.50 million, or $0.21 per share. This was lower than $11.48 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.7% to $242.10 million. This was down from $262.36 million last year.

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

-Earnings (Q2): $7.50 Mln. vs. $11.48 Mln. last year. -Earnings Decline (Y-o-Y): -34.7% -EPS (Q2): $0.21 vs. $0.33 last year. -EPS Decline (Y-o-Y): -36.4% -Analysts Estimate: $0.26 -Revenue (Q2): $242.10 Mln vs. $262.36 Mln last year. -Revenue Change (Y-o-Y): -7.7%