Market Overview

UPDATE: Hertz Posts Q4 Loss, Issues Strong 2013 Forecast

Related HTZ
Markets End Week On Positive Note As Investors Are Encouraged By Central Bank Developments In Europe, China
Fast Money Halftime Report Final Trade From November 21
Making Money With Charles Payne: 10/0614 (Fox Business)

Hertz Global Holdings (NYSE: HTZ) posted a loss in the fourth quarter.

For the year, Hertz projects earnings of $1.82 to $1.92 per share on revenue of $10.85 billion to $10.95 billion. However, analysts projected a profit of $1.78 per share on revenue of $10.79 billion.

Hertz posted a quarterly loss of $36.4 million, or $0.09 per share, versus a year-ago profit of $47.1 million, or $0.11 per share. Excluding one-time items, Hertz's earnings rose to $0.33 from $0.24 per share.

Its revenue rose 15% to $2.32 billion. However, analysts were expecting earnings of $0.31 per share on revenue of $2.27 billion.

Hertz shares closed at $18.73 on Friday.

Posted-In: lossEarnings News Guidance

 

Related Articles (HTZ)

Around the Web, We're Loving...

Get Benzinga's Newsletters