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Hertz stock up 3% premarket after earnings beat

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Hertz Global Holdings Inc.’s stock rose 3% premarket Thursday, after the car-rental company posted better-than-expected first-quarter earnings, even as net...

Hertz Global Holdings Inc.’s stock HTZ rose 3% premarket Thursday, after the car-rental company posted better-than-expected first-quarter earnings, even as net income fell from a year ago. Estero, Fla.-based Hertz had net income of $196 million, or 61 cents a share, for the quarter, down from $426 million, or 82 cents a share, in the year-earlier period. Adjusted per-share earnings came to 39 cents, ahead of the 19 cent FactSet consensus. Revenue rose to $2.047 billion from $1.

’s stock HTZ rose 3% premarket Thursday, after the car-rental company posted better-than-expected first-quarter earnings, even as net income fell from a year ago. Estero, Fla.-based Hertz had net income of $196 million, or 61 cents a share, for the quarter, down from $426 million, or 82 cents a share, in the year-earlier period. Adjusted per-share earnings came to 39 cents, ahead of the 19 cent FactSet consensus. Revenue rose to $2.047 billion from $1.810 billion a year ago, ahead of the $2.

 

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