H&E Equipment Services Inc. Bottom Line Falls 3% In Q3

(RTTNews) - H&E Equipment Services Inc. (HEES) announced earnings for third quarter that decreased from last year.

The company said its bottom line totaled $14.77 million, or $0.42 per share. This was lower than $15.30 million, or $0.43 per share, in last year's third quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.7% to $276.85 million. This was up from $275.04 million last year.

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

-Earnings (Q3): $14.77 Mln. vs. $15.30 Mln. last year. -Earnings Decline (Y-o-Y): -3.5% -EPS (Q3): $0.42 vs. $0.43 last year. -EPS Decline (Y-o-Y): -2.3% -Analysts Estimate: $0.41 -Revenue (Q3): $276.85 Mln vs. $275.04 Mln last year. -Revenue Change (Y-o-Y): 0.7%

-Guidance: Full year revenue guidance: $1.028 - $1.037 Bln