– Hertz Implodes After “Earnings Debacle”: Shares To Open At 7 Year Low After Abysmal Results, Guidance:
Hertz (HTZ) plummets in extended trading after 3Q EPS and sales miss analyst estimates. The car-rental company blames “a substantial depreciation adjustment, particularly on compact and mid-sized vehicles,” near the close of the quarter, but also says rental volume was at the low end of expectations.
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