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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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September 30, 2014
16:00 EDTHTZOptions Update; September 30, 2014
iPath S&P 500 VIX Short-Term Futures up 37c to 31.18. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN HTZ DOW C F NFLX PBR according to Track Data.
14:53 EDTHTZAvis Budget falls after CFO calls high end of EBITDA goal 'challenging'
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September 19, 2014
08:05 EDTHTZHertz says China partner IPOs in Hong Kong
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