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Stock Market & Financial Investment News

News Breaks
February 15, 2013
08:07 EDTZIPZipcar reports Q4 EPS 34c, consensus 6c
Reports Q4 revenue $70.7M, consensus $69.93M. Q4 net income include a non-cash net tax benefit of $10.9M, or 27c per diluted share, primarily related to the release of valuation allowance against U.S. net deferred tax assets. Also included in the 2012 periods are costs related to the Merger Agreement of $800K and costs associated with Hurricane Sandy of $1M, partially offset by the positive impact from the sale of Zero Emission Vehicle Credits of $1.3M for Q4, which had not been previously anticipated.
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