Avis Budget Group (CAR) Tops Q2 EPS by 16c; Approves $250M Common Stock Buyback
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Avis Budget Group Reports Second Quarter 2015 Results
August 3, 2015 4:15 PM EDTRevenue was $2.2 billion and grew 5% in constant currency. Adjusted EBITDA increased 7% to $227 million. Diluted earnings per share increased 24%, to $0.84, excluding certain items, on GAAP net income of $143 million. Company authorizes additional $250 million of future share repurchases. Company narrows its full-year earnings estimates and continues to expect 2015 to be a record year.
PARSIPPANY, N.J., Aug. 3, 2015 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2015. For the... More
Avis Budget Group Reports Second Quarter 2015 Results
August 3, 2015 4:15 PM EDTRevenue was $2.2 billion and grew 5% in constant currency. Adjusted EBITDA increased 7% to $227 million. Diluted earnings per share increased 24%, to $0.84, excluding certain items, on GAAP net income of $143 million. Company authorizes additional $250 million of future share repurchases. Company narrows its full-year earnings estimates and continues to expect 2015 to be a record year.
PARSIPPANY, N.J., Aug. 3, 2015 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2015. For the... More
