Avis Budget Group CAR posted a narrower fourth-quarter loss.
Avis Budget posted a quarterly loss of $46 million, or $0.43 per share, versus a year-ago loss of $170 million, or $1.62 per share. Excluding one-time items, it posted an adjusted loss of $0.07 per share.
Its revenue rose 4.2% to $1.7 billion. However, analysts were expecting a loss of $0.07 per share on revenue of $1.63 billion.
Avis Budget shares dropped 2.43% to $22.50 in after-hours trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in