Hertz Global misses by $0.32, beats on revs (22.16 +0.79)
- Reports Q1 (Mar) loss of $1.58 per share, excluding non-recurring items, $0.32 worse than the Capital IQ Consensus of ($1.26); revenues rose 7.7% year/year to $2.06 bln vs the $1.97 bln Capital IQ Consensus.
- Total revenue per transaction day for U.S. rental car business decreased 1% to $40.93
- Total revenue per transaction day for International rental car business increased 5% to $45.72