Hertz: 2Q Earnings Snapshot
ESTERO, Fla. (AP) _ Hertz Global Holdings Inc. (HTZ) on Tuesday reported second-quarter net income of $38 million, after reporting a loss in the same period a year earlier.
The Estero, Florida-based company said it had net income of 40 cents per share. Earnings, adjusted for one-time gains and costs, were 74 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The car rental company posted revenue of $2.51 billion in the period.
Hertz shares have risen slightly more than 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.93, a decrease of roughly 5% in the last 12 months.