BUZZ-Hertz shares fall on weak Q3 results

Reuters11-12

** Shares of car rental firm Hertz Global Holding HTZ.O fall 7% to $3 premarket

** Co reports wider-than-expected Q3 loss and missed revenue estimates, hurt by depreciation charges from its fleet vehicles

** Co recorded a $1 bln non-cash asset impairment charge in Q3, citing a decline in fleet residual values

** HTZ posted a Q3 loss of 68 cents/shr, compared with analysts' estimate of 50 cents loss/shr - LSEG data

** Q3 revenue fell 5% to $2.58 bln, missing analysts' estimates of $2.7 bln - LSEG data

** Up to last close, stock down 67.56% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

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