H&E Equipment Services Inc. Q3 Profit Declines 28%

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

The company said its bottom line fell to $8.46 million, or $0.24 per share. This was lower than $11.67 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.9% to $259.16 million. This was up from $244.69 million last year.

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

-Earnings (Q3): $8.46 Mln. vs. $11.67 Mln. last year. -Earnings Decline (Y-o-Y): -27.5% -EPS (Q3): $0.24 vs. $0.33 last year. -EPS Decline (Y-o-Y): -27.3% -Analysts Estimate: $0.44 -Revenue (Q3): $259.16 Mln vs. $244.69 Mln last year. -Revenue Change (Y-o-Y): 5.9%