NEW YORK (TheStreet) -- Shares of United Rentals Inc.
(URI) are soaring 5.24% to $113.90 after the equipment rental company reported adjusted earnings rose to $1.65 a share in the second quarter, up from $1.12 a share a year ago, while analysts surveyed by FactSet had expected $1.41 per share.
Sales were up 16% to $1.4 billion, compared with the consensus FactSet estimate of $1.36 billion.
United Rentals also increased the lower end of its revenue guidance for fiscal 2014 to a range of $5.55 to $5.65 billion, from $5.45 to $5.65 billion.
Separately, 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."
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