H&E Equipment Services Inc. Bottom Line Declines 3% In Q1

(RTTNews) - H&E Equipment Services Inc. (HEES) revealed a profit for first quarter that decreased from last year.

The company said its earnings declined to $5.39 million, or $0.15 per share. This was lower than $5.57 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.2% to $226.83 million. This was down from $247.01 million last year.

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

-Earnings (Q1): $5.39 Mln. vs. $5.57 Mln. last year. -Earnings Decline (Y-o-Y): -3.2% -EPS (Q1): $0.15 vs. $0.16 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.14 -Revenue (Q1): $226.83 Mln vs. $247.01 Mln last year. -Revenue Change (Y-o-Y): -8.2%