Hertz

Hertz Plunges 14% After Reporting Abysmal Earnings

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– Hertz Plunges 14% After Reporting Abysmal Earnings:

Hertz stock plunged after hours after the car rental company missed first-quarter expectations, when it reported abysmal Q1 earnings. HTZ reported a Q1 net loss from continuing operations of $223 million, or $2.69 a share, including $30 million of impairment charges, a loss over four times greater compared to the $52 million it lost in Q1 of 2016.

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Hertz Implodes After “Earnings Debacle”: Shares To Open At 7 Year Low After Abysmal Results, Guidance

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– 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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