Avis Budget Group (CAR) Tops Q4 EPS by 1c; Guides FY16 EPS Below the Street

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Go back to Avis Budget Group (CAR) Tops Q4 EPS by 1c; Guides FY16 EPS Below the Street

Avis Budget Group Reports Fourth Quarter and Record Full-Year 2015 Results

February 23, 2016 4:15 PM EST

Revenue increased 1% in the fourth quarter to $1.9 billion and grew 5% in constant currency.Adjusted EBITDA declined 1% to $128 million and grew 5% in constant currency.Adjusted diluted earnings per share were $0.18, and GAAP diluted loss per share was $0.06.Full-year adjusted diluted earnings per share increased 7% to $3.17, and GAAP diluted earnings per share were $2.98.Company repurchased $394 million of outstanding shares in 2015.

PARSIPPANY, N.J., Feb. 23, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported... More