Herc Holdings (HRI) shares jumped 15% to a four-week high as regular trading started Tuesday after the equipment rental company reported third-quarter earnings above Wall Street estimates and raised its full-year outlook.
Adjusted earnings rose to $3.91 a share from $2.22 a To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Quick Insights Herc Holdings reported earnings and revenue above Wall Street estimates, with adjusted earnings at $3.91 per share and revenue at $1.364 billion, both beating consensus expectations.
Increased demand from large construction projects, benefits from the H&E acquisition, double-digit growth in specialty rentals, improved fleet productivity, and higher pricing all supported wider profit margins for Herc Holdings. Herc Holdings raised its full-year outlook for equipment rental revenue and adjusted EBITDA, and increased its guidance for both net rental equipment capital spending and gross capital spending, citing a stronger large-project pipeline