Hertz Quarterly Revenue Jumps 12% on Car Rental Demand

Reuters2022-10-27

Oct 27 (Reuters) - Hertz Global Holdings Inc on Thursday reported a 12% jump in quarterly revenue, as demand for rental cars stayed healthy amid surging leisure travel and constrained production from automakers.

The company's revenue rose to about $2.5 billion for the quarter through September from $2.23 billion a year ago.

The car rental industry, tied closely to airline traffic and hotel bookings, has seen a robust rebound in demand due to pent-up desire to travel and easing coronavirus restrictions.

Consumers have also increasingly opted for rental cars as automakers such as Ford Motor Co and General Motor Co struggle to fulfill demand due to supply shortages.

However, expenses continued to weigh on Hertz. Third-quarter net income rose just 1% to $577 million, or $1.33 per share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

MrHuattt
2022-10-27
MrHuattt
Ok
- MrHuattt:
  Sure
ChanHongFatt
2022-10-27
ChanHongFatt
Wow

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2278064526?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-10-27 19:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2278064526","market":"us","top_or_hot":-1,"title":"Hertz Quarterly Revenue Jumps 12% on Car Rental Demand","media":"Reuters","content":"<html><head></head><body><p>Oct 27 (Reuters) - Hertz Global Holdings Inc on Thursday reported a 12% jump in quarterly revenue, as demand for rental cars stayed healthy amid surging leisure travel and constrained production from automakers.</p><p>The company&#39;s revenue rose to about $2.5 billion for the quarter through September from $2.23 billion a year ago.</p><p>The car rental industry, tied closely to airline traffic and hotel bookings, has seen a robust rebound in demand due to pent-up desire to travel and easing coronavirus restrictions.</p><p>Consumers have also increasingly opted for rental cars as automakers such as Ford Motor Co and General Motor Co struggle to fulfill demand due to supply shortages.</p><p>However, expenses continued to weigh on Hertz. Third-quarter net income rose just 1% to $577 million, or $1.33 per share.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Quarterly Revenue Jumps 12% on Car Rental Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Quarterly Revenue Jumps 12% on Car Rental Demand\n</h2>\n\n<h4 class=\"meta\">\n\n2022-10-27 19:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oct 27 (Reuters) - Hertz Global Holdings Inc on Thursday reported a 12% jump in quarterly revenue, as demand for rental cars stayed healthy amid surging leisure travel and constrained production from ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HTZ","symbol_name":"赫兹租车","start_time":0,"source_url":"","article_id":"2278064526","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2278064526","pubTimestamp":1666870732,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Oct 27 (Reuters) - Hertz Global Holdings Inc on Thursday reported a 12% jump in quarterly revenue, a","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HTZ":"赫兹租车"},"translate_title":"由于汽车租赁需求，赫兹季度收入增长12%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HTZ":0.9},"content_text":"Oct 27 (Reuters) - Hertz Global Holdings Inc on Thursday reported a 12% jump in quarterly revenue, as demand for rental cars stayed healthy amid surging leisure travel and constrained production from automakers.The company's revenue rose to about $2.5 billion for the quarter through September from $2.23 billion a year ago.The car rental industry, tied closely to airline traffic and hotel bookings, has seen a robust rebound in demand due to pent-up desire to travel and easing coronavirus restrictions.Consumers have also increasingly opted for rental cars as automakers such as Ford Motor Co and General Motor Co struggle to fulfill demand due to supply shortages.However, expenses continued to weigh on Hertz. Third-quarter net income rose just 1% to $577 million, or $1.33 per share.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9986991067,"gmtCreate":1666871950959,"gmtModify":1676537820371,"author":{"id":"4089116574465250","authorId":"4089116574465250","name":"MrHuattt","avatar":"https://community-static.tradeup.com/news/e67f8f8c2b0192fadc4cd499a84e6c8b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4089116574465250","authorIdStr":"4089116574465250"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986991067","repostId":2278064526,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104536407,"gmtCreate":1666871955045,"gmtModify":1666871958896,"authorId":4089116574465250,"author":{"id":4089116574465250,"idStr":"4089116574465250","authorId":4089116574465250,"name":"MrHuattt","avatar":"https://community-static.tradeup.com/news/e67f8f8c2b0192fadc4cd499a84e6c8b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986991067,"type":1,"supId":0,"prevId":0,"content":"<u>Sure</u>","text":"<u>Sure</u>","html":"<u>Sure</u>"}],"langContent":"EN"},{"id":9986904932,"gmtCreate":1666871091426,"gmtModify":1676537820193,"author":{"id":"3582000700642897","authorId":"3582000700642897","name":"ChanHongFatt","avatar":"https://static.tigerbbs.com/36039f6cd30e64cbf7dd41fe828c5702","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582000700642897","authorIdStr":"3582000700642897"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986904932","repostId":2278064526,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":24,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2278064526"}