United Rentals Q2 Profit Jumps 21%, Raises Full-Year Revenue Outlook
URI sits 64% above its 52-week low of $701.59.
Summary
United Rentals delivered a strong Q2, with net income rising 21% to $753 million ($12.03 per share) on revenue of $4.41 billion, up 11.8% year-over-year. Adjusted EPS came in at $12.76. The company raised its full-year revenue guidance to $17.5–$17.8 billion, signaling confidence in continued demand. This follows the 8-K filed earlier today that highlighted record results and an increased outlook. With the stock trading near a 52-week high, the raised guidance and earnings beat reinforce the positive momentum.
At the time of this announcement, URI was trading at $1,151.94 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $64.8B. The 52-week trading range was $701.59 to $1,143.69. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.