Oct 22 (Reuters) - United Rentals URI.N on Wednesday missed its third-quarter profit estimates, as local end markets grappled with elevated interest rates and macroeconomic uncertainty, sending its shares down more than 6% in after-hours trading.
The inflationary environment and resulting rising costs further pressured the Stamford, Connecticut-based equipment rental company's margins, affecting profitability during the quarter.
United Rentals reported adjusted profit of $11.7 per share for the quarter ended September 30, missing analysts' average estimate of $12.3 per share, according to data compiled by LSEG.
However, the company raised its 2025 full-year revenue forecast to the range of $16 billion to $16.2 billion, compared with its prior view of $15.8 billion to $16.1 billion.
It reported quarterly total revenue of $4.23 billion, compared with analysts' expectations of $4.16 billion.
(Reporting by Aatreyee Dasgupta and Anshuman Tripathy in Bengaluru; Editing by Shreya Biswas)
((Aatreyee.Dasgupta@thomsonreuters.com;))