United Rentals (URI) Stock Up on Q4 Earnings Beat, Margins Fall
URIUnited Rentals(URI) Zacks Investment Research·2024-01-25 22:46

United Rentals, Inc.’s (URI) shares gained 4% in the after-hours trading session on Jan 24 after it reported impressive fourth-quarter 2023 results. Its earnings and revenues beat the Zacks Consensus Estimate and increased on a year-over-year basis.The upside was mainly driven by sustained growth across the business, profitability and returns, underpinned by broad-based activity.Moreover, URI has provided strong guidance for 2024, given the strength of the present market condition and the multi-year tailwin ...