India, Oct. 27 -- Herc Holdings Inc. (HRI), a rental and leasing services company, on Tuesday reported a strong rise in its third-quarter profit, mainly driven by higher rental revenue. Further, the company has raised its fiscal 2026 revenue and adjusted EBITDA outlook for the second time.
In the early morning trading on the NYSE, HRI shares were gaining $17.21, or 13.54 percent, at $144.34.
Chief Executive Officer Larry Silber said that the growth in large-project pipeline continues to exceed the expectations, with expanding opportunities across data centers, infrastructure, manufacturing facilities, and energy projects.
Net income for the third quarter rose to $104 million from $30 million in the prior-year period. On a per share basis...