H&E Equipment Services Inc. Announces 9% Drop In Q1 Bottom Line

(RTTNews) - H&E Equipment Services Inc. (HEES) revealed a profit for first quarter that declined compared to the same period last year.

The company said its earnings totaled $5.57 million, or $0.16 per share. This was lower than $6.09 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.6% to $247.01 million. This was up from $227.41 million last year.

H&E Equipment Services Inc. earnings at a glance:

-Earnings (Q1): $5.57 Mln. vs. $6.09 Mln. last year. -Earnings Decline (Y-o-Y): -8.5% -EPS (Q1): $0.16 vs. $0.17 last year. -EPS Decline (Y-o-Y): -5.9% -Analysts Estimate: $0.09 -Revenue (Q1): $247.01 Mln vs. $227.41 Mln last year. -Revenue Change (Y-o-Y): 8.6%