United Rentals rises on upbeat revenue forecast

Shares of equipment rental firm United Rentals URI.N rose 10% to $1,138 in extended trading after the company posted record second-quarter revenue and raised its full-year revenue forecast on strong demand for equipment rentals from large construction customers.

The company now expects annual total revenue in the range of $17.5 billion to $17.8 billion, compared with its previous range of $16.9 billion to $17.4 billion.

Second-quarter total revenue grew 12% to $4.41 billion, compared with estimates of $4.22 billion from LSEG. Adjusted profit came in at $12.76 per share, versus $11.53 per share a year earlier.

As of Wednesday's close, the stock was up about 28% year to date.