HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION

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Go back to HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION

Hertz (HTZ) slows EV plans, faults Tesla (TSLA) price cuts and repair costs

October 27, 2023 9:13 AM EDT

Hertz Global (NASDAQ: HTZ) revealed during its 3Q earnings call on Thursday that the rental car company has decided to slow the process of electrifying the companys fleet after EV partner, Teslas (NASDAQ: TSLA) price cuts kneecapped the resale value of a majority of electric cars in the rental fleet by a third.

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Hertz Global (HTZ) Misses Q3 EPS by 7c

October 26, 2023 7:32 AM EDT

Hertz Global (NASDAQ: HTZ) reported Q3 EPS of $0.70, $0.07 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.73 billion.

For earnings history and earnings-related data on Hertz Global (HTZ) click here.

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