ESTERO, Fla. (AP) — Hertz Global Holdings Inc. (HTZ) on Thursday reported third-quarter profit of $141 million.

On a per-share basis, the Estero, Florida-based company said it had net income of $1.68. Earnings, adjusted for non-recurring costs, were $2.14 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The car rental company posted revenue of $2.76 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.64 billion.

Hertz shares have decreased 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.30, a drop of 22 percent in the last 12 months.

—————

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

Automated Insights

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.