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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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March 24, 2015
16:47 EDTHTZHertz receives NYSE notice of non-compliance
Hertz Global Holdings announced that on March 18, it received a notice from the New York Stock Exchange notifying the company of its failure to meet a NYSE listing standard resulting from the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. As previously disclosed, the company was unable to timely file its 2014 Form 10-K with the SEC because of the ongoing nature of the company's previously announced thorough review and investigation of its internal financial records for fiscal years 2011, 2012 and 2013. As a result of the ongoing nature of this review and its potential impact on the company's 2014 financial results, the company was unable to file the 2014 Form 10-K by the extended due date of March 17, 2015. The financial review and investigation by the company is ongoing. Hertz continues to expect that it will not be able to file updated financial statements, including the 2014 Form 10-K, before mid-2015, and there can be no assurance that the process will be completed by that time.
March 17, 2015
16:00 EDTHTZOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.

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