Avis Budget Group (CAR) Misses Q3 EPS by 21c, Sales Roughly In-Line; Reaffirms
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Avis Budget Group Reports Third Quarter 2018 Results
November 5, 2018 4:15 PM ESTPARSIPPANY, N.J., Nov. 05, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third quarter ended September 30, 2018.
Revenues grew to a record $2.8 billion in the third quarter on both higher volume and increased underlying pricing in the AmericasAmericas per-unit fleet costs reduced by 10%Net income of $213 million and earnings per diluted share of $2.68Adjusted Net Income increased 2% to $265 million and Adjusted earnings per diluted share of $3.33 were 7% higherAdjusted EBITDA was $476 million with Americas... More