STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported first-quarter net income of $203 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of $2.80. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $3.45 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.10 per share.

The equipment rental company posted revenue of $2.06 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.01 billion.

United Rentals expects full-year revenue in the range of $9.05 billion to $9.45 billion.

United Rentals shares have climbed 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $324.85, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on URI at https://www.zacks.com/ap/URI

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