United Rentals Inc. URI, -1.54% shares declined in the extended session Wednesday after the equipment rental company topped Wall Street estimates for the quarter but said its improved outlook did not include a pending acquisition. United Rentals shares fell 4% after hours, following a 1.5% decline to close the regular session at $139.04. The company reported third-quarter net income of $333 million, or $4.01 a share, compared with $199 million, or $2.33 a share, in the year-ago period. Adjusted earnings were $4.74 a share. Revenue rose to $2.12 billion from $1.77 billion in the year-ago period. Analysts surveyed by FactSet had estimated $4.56 a share on revenue of $2.02 billion. For the year, United Rentals estimates revenue of $7.77 billion to $7.87 billion. Analysts expect revenue of $7.75 billion. United Rentals reduced its expected range of free cash flow to $1.25 billion to $1.35 billion from a previous range of $1.3 billion to $1.4 billion for the year. The outlook does not include the impact of the company’s pending $2.1 billion acquisition of equipment rental company BlueLine, United Rentals said.
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