Hertz Global Holdings Swings to Q3 Adjusted Loss as Revenue Falls

MT Newswires Live11-12

Hertz Global Holdings (HTZ) reported a Q3 adjusted loss Tuesday of $0.68 per diluted share, swinging from earnings of $0.70 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.47.

Revenue for the quarter ended Sept. 30 was $2.58 billion, down from $2.70 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.68 billion.

Shares of the company were down 8% in recent Tuesday premarket activity.

Price: 3.1000, Change: -0.27, Percent Change: -8.01

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