United Rentals Rises on Positive 2012 Outlook

United Rentals said revenue will grow to a range of $4.6 billion to $4.7 billion. It said it still expects rental rates will grow about 6.5 percent.

July 24, 2012

United Rentals issued a strong 2012 outlook, and the company's shares rose as a result.

United Rentals said it expects $1.95 billion to $2 billion in adjusted earnings before interest, taxes, depreciation and amortization costs, or EBITDA. It said revenue will grow to a range of $4.6 billion to $4.7 billion. It said it still expects rental rates will grow about 6.5 percent.

For more about United Rental's financial outlook for 2012...

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