* Q1 loss $0.35/shr vs est loss $0.21/shr
* Revenue $114.7 mln vs est $133.4 mln
May 6 H&E Equipment Services (HEES.O) posted a
wider-than-expected first-quarter loss, hurt by continued
softness across all its segments.
"At this point, our expectations for 2010 are unchanged and
therefore, we anticipate that segments of our business will
continue to see low demand for our products and services,"
Chief Executive John Engquist said.
The company, which sells and rents out cranes, earthmoving
equipment and industrial lift trucks, said the first-quarter
was "extremely challenging" due to low demand in end markets,
seasonality and severe weather.
For the first quarter, the equipment services company
reported a net loss of $12.1 million, or 35 cents a share,
compared with a net income of $2.2 million, or 6 cents a share,
a year earlier.
Revenue fell 38 percent to $114.7 million.
Analysts on average were expecting loss of 21 cents a share
on revenue of $133.4 million, according to Thomson Reuters
Shares of the Baton Rouge, Louisiana-based company closed
at $11.39 Wednesday on Nasdaq.
(Reporting by Megha Mandavia in Bangalore; Editing by Ratul