Avis Budget Group (CAR) Misses Q1 EPS by 21c, Sales Beat; Reaffirms Outlook
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Avis Budget Group Reports First Quarter Results
May 3, 2016 4:16 PM EDTRevenue increased 2% in the first quarter to $1.9 billion and grew 3% in constant currency.Adjusted EBITDA was $44 million.Adjusted diluted loss per share was $0.28, and GAAP diluted loss per share was $0.53.Company reaffirms its 2016 Adjusted EBITDA and earnings per share estimates.
PARSIPPANY, N.J., May 03, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2016. For the quarter, the Company reported revenue of $1.9 billion and Adjusted EBITDA of... More
