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Stock impact report

Hertz stock gains after company reports narrower Q1 loss [MarketWatch]

Hertz Global Holdings, Inc (HTZ) 
Last hertz global holdings, inc earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.hertz.com
Company Research Source: MarketWatch
Hertz stock gains after company reports narrower Q1 loss Shares of Hertz Global Holdings Inc. HTZ, +0.56% rose more than 3% in the extended session Monday after the car-rental company reported a narrower-than-expected first-quarter loss and sales came in line with forecasts. Hertz said it lost $147 million, or $1.75 a share, in the quarter, compared with a loss of $202 million, or $2.43 a share, in the year-ago quarter. Adjusted for one-time items, Hertz lost $83 million, or 99 cents a share, compared with a loss of $131 million, or $1.58 a share, a year ago. Revenue rose 2% to $2.1 billion. Analysts polled by FactSet had expected an adjusted loss of $1.35 a share on sales of $2.1 billion. Rental-car revenue in the U.S. rose 7%, and margins also improved, the company said in a statement. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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