NEW YORK (TheStreet) -- United Rentals (URI - Get Report) shares are up 24.2% to $112.17 in after-hours trading on Wednesday, following the release of the company's second quarter earnings results.
The company reported total revenue of $1.39 billion, slightly below analysts $1.4 billion estimates.
It also reported net income of $94 million, or $1.65 per diluted share, well ahead of analysts $1.41 expectations.
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TheStreet Ratings team rates UNITED RENTALS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED RENTALS INC (URI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."