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Sunbelt Rentals' Fiscal Q1 Adjusted Earnings, Revenue Rise; Fiscal 2027 Revenue Growth Outlook Raised

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Sunbelt Rentals (SUNB) reported fiscal Q1 adjusted earnings Wednesday of $1.18 per share, up from $0.98 a year earlier.

An analyst polled by FactSet expected $1.05.

Revenue for the fiscal quarter ended July 31 was $3.12 billion, up from $2.80 billion a year earlier.

Analysts polled by FactSet expected $3.0 billion.

For fiscal 2027, the equipment rental company raised its revenue growth outlook to 6% to 9%, compared with its prior outlook of 4.5% to 7.5%.

Shares of the company were up over 3% in premarket activity Wednesday.

Price: $71.55, Change: $+2.23, Percent Change: +3.22%

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