United Rentals raises annual sales forecast on strong equipment rentals demand

• The Stamford, Connecticut-based company raised its full-year revenue forecast to $17.5 billion to $17.8 billion, from $16.9 billion to $17.4 billion earlier.
• Analysts on average expect annual sales of $17.27 billion, according to data compiled by LSEG.
• The company posted an adjusted profit of $12.76 per share during the second quarter, up 22% from a year ago. Analysts estimated a profit of $11.53 per share.
• Total quarterly revenue grew 12% to $4.41 billion.
• Revenue from the company's general rental business — its biggest segment — rose about 6.6% to $2.42 billion.
• The specialty rentals segment saw a nearly 25% rise in revenue to $1.43 billion.

July 22 (Reuters) - United Rentals reported a record quarterly revenue and raised annual sales forecast on Wednesday, driven by strong demand for equipment rentals from large construction and industrial projects, sending its shares up 10% after the bell.