Avis Budget Group (CAR) Tops Q4 EPS by 23c; Issues Solid Outlook

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Avis Budget Group Reports Fourth Quarter and Full-Year 2017 Results

February 21, 2018 4:15 PM EST

PARSIPPANY, N.J., Feb. 21, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its fourth quarter and year ended December 31, 2017.

Revenue increased 7% in the fourth quarter to $2.0 billion and was $8.8 billion for the full yearNet income of $220 million, including a one-time benefit of $213 million related to U.S. tax reform, and diluted earnings per share of $2.65 in the quarter Full-year net income of $361 million and diluted earnings per share of $4.25, including the one-time benefit related to U.S.... More