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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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July 2, 2015
13:34 EDTHTZRyanair to pursue Hertz for breach of contract
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12:23 EDTHTZHertz ends partnership with Ryanair
Hertz (HTZ) said that it has ended its car hire agreement with Ryanair (RYAAY). Hertz said that existing bookings will be fully honored and that future bookings can be made directly at the Hertz, Thrifty and Firefly websites.
June 26, 2015
11:46 EDTHTZHertz in exclusive negotiations with Loxam for potential HERC acquisition
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June 25, 2015
16:23 EDTHTZOn The Fly: Top stock stories for Thursday
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11:35 EDTHTZAvis, Hertz slide after Credit Suisse notes pricing challenges
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05:50 EDTHTZStocks with implied volatility movement; HTZ XLF
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June 23, 2015
09:18 EDTHTZHertz's subsidiary HERC names Bruce Dressel as COO
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