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Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
April 25, 2024 7:56 AM EDTHertz Global (NASDAQ: HTZ) reported a challenging first quarter of 2024, with financial results falling short of analyst expectations, leading to a 1.7% decline in its stock price. The car rental giant posted an adjusted net loss of $392 million, or -$1.28 per diluted share, which was significantly below the analyst estimate of -$0.45 per share. Despite a 2% increase in revenue to $2.1 billion, surpassing the consensus estimate of $2.04 billion, the company's earnings were heavily impacted by increased vehicle... More
