Why United Rentals (URI) Stock Is Spiking After Hours

NEW YORK (TheStreet) -- United Rentals (URI) is moving higher in extended trading after posting first-quarter earnings above analysts' estimates.

After the bell, shares added 2.7% to $93.98.

The equipment rental company recorded earnings of 90 cents a share over the three months to March. Analysts surveyed by Thomson Reuters had forecast 71 cents a share.

The Stamford, Conn.-based business generated revenue of $1.18 billion, a 7.3% year-over-year increase and in line with estimates.

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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 several positive factors, 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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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