Avis Budget Group (CAR) Tops Q1 EPS by 29c, Reaffirms Outlook
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Avis Budget Group Reports Strong First Quarter 2018 Results
May 2, 2018 4:15 PM EDTPARSIPPANY, N.J., May 02, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2018.
Revenue grew 7% to a record $2.0 billion in the first quarterNet loss improved by $20 millionAdjusted EBITDA improved by $29 millionCompany reaffirms its projected full-year 2018 results"The first quarter has our year starting on a very positive note with strong demand, higher underlying pricing in the Americas, improved utilization and lower per-unit... More
