S&P 500 member United Rentals (URI) soared on stronger-than-forecast Q2 results after Wednesday's close as Google (GOOGL) got a late-day haircut. The divergent reactions to earnings weren't entirely unrelated.
AI data center construction has helped supercharge earnings for URI, which provides a one-stop shop for large construction projects. Google's plan to keep boosting capital spending suggests the demand environment for heavy machinery will keep shining, even as it may slow the pay-off for AI hyperscalers.
URI stock looks set to clear an early entry buy point at Thursday's open. Google raised its capex outlook for the full year to a range of $195 billion to $205 billion, up $15 billion at both ends. The company confirmed that it still expects CapEx to "increase significantly" in 2027.
Futures Fall As Google, Tesla Skid On Earnings
Results: URI posted second-quarter earnings of $12.76 per share, crushing the FactSet consensus forecast by $1.22 a share. Earnings growth accelerated to 21.9% from 9.6% in Q1 and negative growth throughout 2025. Revenue growth accelerated to 11.8% from 7.2%, as sales of $4.41 billion exceeded $4.21 billion estimates.
#capex #forecast #Share
AI data center construction has helped supercharge earnings for URI, which provides a one-stop shop for large construction projects. Google's plan to keep boosting capital spending suggests the demand environment for heavy machinery will keep shining, even as it may slow the pay-off for AI hyperscalers.
URI stock looks set to clear an early entry buy point at Thursday's open. Google raised its capex outlook for the full year to a range of $195 billion to $205 billion, up $15 billion at both ends. The company confirmed that it still expects CapEx to "increase significantly" in 2027.
Futures Fall As Google, Tesla Skid On Earnings
Results: URI posted second-quarter earnings of $12.76 per share, crushing the FactSet consensus forecast by $1.22 a share. Earnings growth accelerated to 21.9% from 9.6% in Q1 and negative growth throughout 2025. Revenue growth accelerated to 11.8% from 7.2%, as sales of $4.41 billion exceeded $4.21 billion estimates.
#capex #forecast #Share
4 days ago
