AP NEWS

Hertz: 3Q Earnings Snapshot

November 8, 2018

ESTERO, Fla. (AP) _ Hertz Global Holdings Inc. (HTZ) on Thursday reported third-quarter profit of $141 million.

On a per-share basis, the Estero, Florida-based company said it had net income of $1.68. Earnings, adjusted for non-recurring costs, were $2.14 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The car rental company posted revenue of $2.76 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.64 billion.

Hertz shares have decreased 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.30, a drop of 22 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTZ at https://www.zacks.com/ap/HTZ

AP RADIO
Update hourly