Avis Budget Group (CAR) Misses Q4 EPS by 2c, Offers Guidance

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Go back to Avis Budget Group (CAR) Misses Q4 EPS by 2c, Offers Guidance

Avis Budget Group Reports Fourth Quarter and Full-Year 2016 Results

February 15, 2017 5:24 PM EST

Revenue declined 1% in the fourth quarter, to $1.9 billion.Net loss was $31 million, and Adjusted EBITDA was $121 million in the fourth quarter.Diluted loss per share was $0.35, and adjusted diluted earnings per share were $0.15 in the fourth quarter.Full-year diluted earnings per share were $1.75, and adjusted diluted earnings per share were $2.93.Company repurchased $390 million of outstanding shares in 2016.Company announces projected 2017 revenues and adjusted earnings.

PARSIPPANY, N.J., Feb. 15, 2017 (GLOBE NEWSWIRE) -- Avis Budget... More