United Rentals Q2 Adj. Profit Beats Estimate; Tightens FY14 Revenue Outlook

(RTTNews) - United Rentals, Inc. (URI) Wednesday reported second-quarter net income of $94 million or $0.90 per share, compared to $83 million or $0.78 per share in the same period last year.

Adjusted earnings for the quarter rose to $1.65 per share from $1.12 per share in the prior year quarter. On average, 18 analysts polled by Thomson Reuters expected the company to earn $1.46 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $1.40 billion from $1.21 billion last year, while 14 analysts expected revenues of $1.36 billion.

Looking ahead to the fiscal year 2014, the company now expects revenues to be in the range of $5.55 billion to $5.65 billion. Analysts currently expect full-year revenues of $5.56 billion.

Earlier, the company expected revenue of $5.45 billion to $5.65 billion.