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Assessing Sunbelt Rentals Holdings (SUNB) Valuation After Q3 Results And Updated 2% To 3% Growth Outlook
Earnings update and guidance shift
Sunbelt Rentals Holdings (SUNB) is back in focus after reporting third quarter results alongside a tighter full year rental revenue outlook, with investors weighing higher revenue against lower net income and the revised 2% to 3% growth range.
The company reported third quarter sales of US$2,443 million and revenue of US$2,637 million. Net income for the period was US$290 million compared with US$325 million a year earlier.
For the nine months to January 31,...