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United Rentals (URI) Stock Jumps 20% on Strong Q1 Earnings and Raised Guidance

United Rentals (URI) Stock Jumps 20% on Strong Q1 Earnings and Raised Guidance

United Rentals (URI) stock surged 20% after reporting Q1 earnings of $9.71 per share, surpassing estimates, with revenue reaching $3.99 billion, up 8.7% year-over-year. The company raised its full-year revenue guidance to $16.9 billion–$17.4 billion, driven by growth in nonresidential construction, infrastructure, power, and mining sectors. Bernstein maintained an Outperform rating on the stock.

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