BofA/Merrill Lynch Downgrades United Rentals (URI) to Underperform
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United Rentals Announces First Quarter 2016 Results
April 20, 2016 4:10 PM EDTUpdates Full Year Outlook
STAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter 2016. Total revenue was $1.310 billion and rental revenue was $1.117 billion for the first quarter, compared with $1.315 billion and $1.125 billion, respectively, for the same period last year. On a GAAP basis, the company reported first quarter net income of $92 million, or $1.01 per diluted share, compared with $115 million, or $1.16 per diluted share, for the same period last year1.
Adjusted EPS2 for the quarter was $1.40 per diluted share, compared with... More
