Avis Budget Group (CAR) Tops Q3 EPS by 13c, FY EPS Guidance Comes in Light

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Go back to Avis Budget Group (CAR) Tops Q3 EPS by 13c, FY EPS Guidance Comes in Light

Avis Budget Group Reports Third Quarter Results

November 2, 2016 4:15 PM EDT

Revenue increased 3% in the third quarter to $2.7 billion.Net income was $209 million, and Adjusted EBITDA was $469 million.Diluted earnings per share were $2.28, and adjusted diluted earnings per share were $2.47.Company estimates that its 2016 Adjusted EBITDA and adjusted earnings per share will be at approximately the lower end of its prior projection.

PARSIPPANY, N.J., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third quarter ended September 30, 2016.  For the quarter, the... More