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HomeBusiness: United Rentals stock gains after earnings as company plans to start...

Balanced News: : United Rentals stock gains after earnings as company plans to start paying a dividend, buying back stock again

Our 'quick read' news summary

Shares of United Rentals Inc. URI were up about 4% in after-hours trading Wednesday after the company announced alongside is latest earnings that it was instituting a dividend and bringing back its buyback program. United Rentals reported fourth-quarter net income of $639 million, or $9.15 a share, compared with $481 million, or $6.61 a share, in the year-prior quarter. Revenue rose to $3.30 billion from $2.78 billion, whereas analysts had been looking for $3.30 billion.

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