Avis Budget Group (CAR) Misses Q2 EPS by 28c, Sales Miss

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Go back to Avis Budget Group (CAR) Misses Q2 EPS by 28c, Sales Miss

Avis Budget Group Reports Second Quarter 2017 Results

August 7, 2017 4:15 PM EDT

PARSIPPANY, N.J., Aug. 07, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2017.

Revenue at $2.2 billion was unchanged in the second quarter compared to prior yearSecond quarter 2017 net income of $3 million and earnings per diluted share of $0.04Adjusted EBITDA of $140 million, adjusted net income of $25 million and adjusted diluted earnings per share of $0.30 for the second quarter 2017Company identifies additional cost savings of $25 million, bringing its total 2017 savings to $75... More