Shares of United Rentals Soar on Q3 Earnings

Shares of United Rentals Inc. soared Wednesday, after the equipment rental company said its third-quarter profit tripled on a double-digit jump in rental revenue.

October 21, 2011

Shares of United Rentals Inc. soared Wednesday, after the equipment rental company said its third-quarter profit tripled on a double-digit jump in rental revenue.

The Greenwich, CT-based company said late Tuesday that it posted an adjusted profit of 92 cents per share. Revenue rose 18 percent to $713 million.

The results were well ahead of Wall Street predictions. Analysts, on average, expected adjusted profit of 74 cents per share and revenue of $685.8 million, according to data from FactSet.

For the entire story, visit MSNBC.

 

 

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