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URI 资讯
URI 事件
Nasdaq Composite Rises Over 1%, Tesla Falls 3.3%
All the major averages were up, though the outsized bounce in technology stocks helped Nasdaq Composite to post an outsized increase of over 1%. AI-exposed Industrials and Technology were also the top two performing sectors in the S&P 500, where Semiconductors as well as Enterprise Software marched in step to the upside. Software iShares ETF (IGV) was up for the second consecutive day, rising 1.8%, while iShares Semiconductorsrallied over 2%. In turn, rising Treasury yields punished the rate-sensitive sectors - REITs was among the worst performing areas of the market.The afterhours earnings session saw mixed results for high-profile Tech and AI-driven names: Lam Research and IBM were down, though Meta Platforms and Texas Instruments were modestly higher. Tesla initially rallied on earnings, but the stock retreated during the earnings call as the company cut its capex view for this year to $20B from $25B. Subsequently, in the opening hours of the evening session, the Nasdaq 100 contract is down by 0.7% while S&P e-Minis are down by 0.5%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Liberty Energyup 8.8%CSXup 3.7%Knight-Swift Transportationup 3.3%Meta Platformsup 2.5%SAP SEup 2.3%Kinder Morganup 2.0%Texas Instrumentsup 1.2%United Rentalsup 0.6%DOWN AFTER EARNINGS -Lam Researchdown 6.8%IBMdown 4.4%Tesladown 3.3%Las Vegas Sandsdown 2.7%
CEO States Q3 Revenue at $4.89B, Exceeding Expectations
Reports Q3 revenue $4.89B, consensus $4.71B. CEO Matthew Flannery says: "I'm very pleased with our third-quarter results, which are a testament to our strategy, our team's dedication to our customers, and the unmatched breadth and scale of our premier offering. We continued to lean into growth across both our general rentals and specialty businesses with the momentum from the first half of the year carrying through the quarter. As we look ahead, we believe we are uniquely positioned to outperform the industry through our broad footprint, unmatched one-stop-shop offering, exceptional levels of service, leading technology and unwavering commitment to safety. Our raised guidance reflects this, and is supported by our customers' confidence, their backlogs, and the momentum we see across large projects. I am very proud of the company we continue to build, underpinned by a well-proven strategy of supporting our customers while also driving profitable growth and strong through-cycle free cash flow generation. Combined with prudent capital allocation, this will continue to deliver compelling long-term value for our shareholders."
Raises FY26 Adjusted EBITDA Outlook to $8.3B-$8.4B
Consensus $17.76B. Raises FY26 adjusted EBITDA view to $8.3B-$8.4B from $7.975B-$8.125B.
Morgan Stanley Calls Caterpillar Acquisition a Transitional Solution
After Caterpillar (CAT) announced an agreement to acquire John Fabick Tractor Company, a Cat dealer with midwest and southern exposure, Morgan Stanley called the deal "more of a temporary solution for an ownership transition than a change in strategy." The firm views a United Rentals (URI) selloff in response to Caterpillar and EquipmentShare (EQPT) announcements as "overdone and is thus a buying opportunity," the analyst tells investors. The firm has an Equal Weight rating on Caterpillar and an Overweight rating on United Rentals.
TJX Companies Elects Craig Pintoff to Board
The TJX Companies (TJX) announced that on September 16, its Board of Directors elected Craig Pintoff to the Board, effective immediately. Pintoff is Executive Vice President and Chief Administrative Officer of United Rentals (URI).
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