Hertz and Herc Report Third-Quarter Financial Results
Hertz Global Holdings reported third-quarter revenue of 2.6 billion dollars, missing Wall Street earnings expectations and causing shares to drop. Meanwhile, Herc Holdings beat third-quarter revenue and earnings estimates, prompting the company to raise its full-year guidance.
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HERTZ GLOBAL HLDGS INC posted $2.6B in third-quarter revenue, missing analyst earnings estimates as shares fell 4.36% on November 5. The rental-car giant delivered its best top-line quarterly result in three years. The results trail rival HERC HOLDINGS INC, which beat third-quarter expectations on both revenue and earnings.
