July 23 (Reuters) -

Equipment rental company United Rentals ( URI ) raised its

annual revenue forecast on Wednesday but reported second-quarter

profit below Wall Street estimates.

The Stamford, Connecticut-based company benefited from

construction end markets - infrastructure and non-residential,

driven by robust spending on national megaprojects.

However, an inflationary environment and rising costs

further pressured company's margins, affecting profitability

during the quarter.

United Rentals ( URI ) now expects full-year revenue between $15.8

billion and $16.1 billion, up from its previous projection of

$15.6 billion to $16.1 billion.

The company said that it has raised its planned share

repurchases for 2025 by $400 million, bringing the total to $1.9

billion.

United Rentals ( URI ) reported an adjusted profit of $10.47 per

share for the quarter ended June 30, missing analysts' average

estimate of $10.54 per share, according to data compiled by

LSEG.

Total revenue for the quarter was $3.94 billion, compared to

analysts' expectations of $3.9 billion.