Avis stock rallies 9% after company beats profit forecasts [MarketWatch]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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ir.avisbudgetgroup.com
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Source: MarketWatch
Avis stock rallies 9% after company beats profit forecasts Shares of Avis Budget Group Inc. CAR, -0.57% rose more than 9% in the extended session Wednesday after the car rental company's fourth-quarter adjusted profits topped Wall Street expectations and sales came in line. Avis said it earned $13 million, or 16 cents a share, in the quarter, compared with $220 million in the year-ago period. Adjusted for one-time items, the company earned 53 cents a share in the quarter, compared with 45 cents a share a year ago. Revenue rose 2% to $2.1 billion. Analysts polled by FactSet had expected adjusted earnings of 37 cents a share on sales of $2.1 billion. Avis guided for revenue between $9.2 billion and $9.5 billion and adjusted earnings between $3.35 a share and $4.20 a share for 2019. The stock ended the regular trading day down 0.6%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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CAR
Earnings
- 2/12/24 - Beat
CAR
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 3/18/24 - Form 8-K
- CAR's page on the SEC website