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Stock Market & Financial Investment News

News Breaks
June 6, 2014
08:43 EDTHTZHertz says Q1 results 'likely to be below consensus'
Hertz disclosed earlier that it needs to amend its filings to correct errors identified during its preparation of its Q1 10-Q filing. Hertz said in the filing that for Q1 the company’s results are "likely to be below consensus, reflecting costs associated with the accounting review, other unusual items, and certain anticipated operating results," adding that the company will not be certain until its review is completed. Consensus for Hertz' Q1 EPS and revenue are 9c and $2.56B, respectively. Hertz also noted in its filing that Q1 U.S. rental car revenue increased approximately 4.5% over the same period last year and that U.S. rental car total revenue per day was down 1.6% compared with last year due to excess fleet creating a supply/demand imbalance, the loss of the Easter holiday, and a strategic change in the business mix with the introduction of the Firefly discount brand. Adjusted for volume mix, total revenue per day was flat in the segment. International rental car revenue increased approximately 1.7% over the same period last year and worldwide equipment rental segment revenue increased approximately 2.4% over the same period last year.
News For HTZ From The Last 14 Days
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October 21, 2014
14:09 EDTHTZThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
11:02 EDTHTZHertz, United Airlines upgrade partnership
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08:12 EDTHTZNissan selects Hertz as exclusive mobility partner
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October 20, 2014
08:58 EDTHTZJana Partners reports 7% stake in Hertz, says may engage in talks
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October 15, 2014
08:34 EDTHTZHertz subsidiary Hertz Equipment Rental launches In Panama
Hertz' wholly owned subsidiary Hertz Equipment Rental Corporation has announced its launch in Panama City, Panama to deliver specialty equipment rental solutions for the construction, industrial, and government sectors.
October 14, 2014
05:58 EDTHTZStocks with implied volatility above IV index mean; HTZ SD
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October 13, 2014
06:03 EDTHTZStocks with implied volatility above IV index mean; HTZ MU
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