AP NEWS

Hertz: 3Q Earnings Snapshot

November 4, 2019

ESTERO, Fla. (AP) _ Hertz Global Holdings Inc. (HTZ) on Monday reported third-quarter net income of $169 million.

On a per-share basis, the Estero, Florida-based company said it had net income of $1.26. Earnings, adjusted for non-recurring costs, came to $1.60 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The car rental company posted revenue of $2.84 billion in the period.

Hertz shares have climbed 3.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.13, a fall of 4% in the last 12 months.

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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