Tajuk : Hertz tanks 15% after missing big on earnings
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Hertz tanks 15% after missing big on earnings
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Hertz Global Holdings, the parent company of Hertz car rental franchises, saw its stock plunge 15% to $12.67 a share after reporting a first-quarter loss that was worse than analyst forecasts.
The adjusted loss for the period was $1.61 per share, missing analyst estimates of an $0.84 per share deficit. The company also reported quarterly revenue of $1.92 billion, missing a consensus forecast of $1.95 billion.
“As previously outlined, we are executing on a turnaround plan,” president and CEO Kathryn V. Marinello said in a statement. “While we are mindful of today’s headwinds related to used car residual values, our commitment to investing in the business remains steadfast.”
The weakness seen in Hertz shares is bad news for shareholders, who have seen the stock plunge 88% since reaching a record high in August 2014. The company’s shares closed at $14.61 on May 4, the lowest since 2009.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Hertz Global Holdings, the parent company of Hertz car rental franchises, saw its stock plunge 15% to $12.67 a share after reporting a first-quarter loss that was worse than analyst forecasts.
The adjusted loss for the period was $1.61 per share, missing analyst estimates of an $0.84 per share deficit. The company also reported quarterly revenue of $1.92 billion, missing a consensus forecast of $1.95 billion.
“As previously outlined, we are executing on a turnaround plan,” president and CEO Kathryn V. Marinello said in a statement. “While we are mindful of today’s headwinds related to used car residual values, our commitment to investing in the business remains steadfast.”
The weakness seen in Hertz shares is bad news for shareholders, who have seen the stock plunge 88% since reaching a record high in August 2014. The company’s shares closed at $14.61 on May 4, the lowest since 2009.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2peacdB
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel Hertz tanks 15% after missing big on earnings dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/hertz-tanks-15-after-missing-big-on.html
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