United Rentals Inc (URI) News & EventsURIUnited Rentals Inc

Nasdaq Composite Declines as Tesla Earnings Weigh

Despite the third consecutive session of gains by Semiconductors, Nasdaq Composite was the worst performing major index, ending the day near session lows below the 25,700 level. Losses among key software names as well as new low in SpaceX, down another 7%, weighed on the tech-heavy index. In the benchmark S&P 500 Utilities was the best performing sector, followed closely by Basic Materials which benefited from a bounce in precious metal space. Communication Services was the worst performing sector as Google fell 1.5% and Meta declined nearly 3%.In the opening hour of the evening session, equity futures remain on the back foot as S&P 500 e-minis falls 0.3% and Nasdaq 100 contract is down by 0.5%. Sentiment is pressured by earnings reports from Tesla, which fell over 4% on Q2 earnings miss and reiterated expectations of climbing capital expenditures, as well as Alphabet, down 3% - where selling was similarly driven by higher capex forecasts. Also reporting results was IBM, though despite the cut in its revenue growth guidance, the stock is flat, having found support after the pre-announcement earlier this month that yielded a 25% selloff.In commodities, WTI crude oil remains bid near the $88 per barrel level, with tensions in the Middle East not showing any signs of letting up. Gold and silver traded higher for the third consecutive day, rising above $4,170 and $59 per ounce levels.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Medpace Holdingsup 18.3%United Rentalsup 8.7%Kaiser Aluminumup 5.6%ServiceNowup 5.1%CSX Corporationup 4.4%DOWN AFTER EARNINGS -Rollinsdown 15.5%Molina Healthcaredown 9.4%Las Vegas Sandsdown 5.4%Tesladown 4.6%Alphabetdown 3.4%Texas Instrumentsdown 3.1%Knight-Swift Transportationdown 1.5%AvalonBay Communitiesdown 1.4%IBMdown 0.4%

United Rentals Q2 Revenue Reaches $4.41B, Exceeds Expectations

Reports Q2 revenue $4.41B, consensus $4.21B. Matthew Flannery, chief executive officer of United Rentals, said, "As evidenced in our record second-quarter results across EPS, adjusted EBITDA and revenue, 2026 is on track to be a great year for United Rentals. Our growth accelerated in the quarter, customers remain optimistic, particularly around large projects, and we continue to demonstrate strong cost discipline. Our one-stop-shop value proposition, coupled with our technology, service levels, and unwavering focus on safety and customer productivity, continues to differentiate us in the industry. Looking ahead, I am very pleased that we are again raising our guidance for the year, supported by the tailwinds we see across large projects, customer backlogs, and the momentum witnessed year-to-date. We believe the healthy growth we've seen will continue and that we will deliver what our shareholders expect of us: profitable growth, strong free cash flow and compelling returns."