STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported fourth-quarter profit of $153 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.80. Earnings, adjusted for one-time gains and costs, came to $2.67 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.
The equipment rental company posted revenue of $1.52 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.
For the year, the company reported profit of $566 million, or $6.45 per share. Revenue was reported as $5.76 billion.
United Rentals expects full-year revenue in the range of $5.75 billion to $5.95 billion.
United Rentals shares have increased 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $114.26, more than doubling in the last 12 months.
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