Hertz Global Q3 Profit Rises

(RTTNews) - Hertz Global Holdings Inc. (HTZ) Monday reported third-quarter profit of $169 million or $1.26 per share, up from $141 million or $1.47 per share last year.

On an adjusted basis, earnings per share for the quarter was $1.60 per share, down from $1.88 per share last year.

Revenues for the quarter were $2.84 billion, up 3% from $2.76 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $1.47 per share on revenues of $2.84 billion for the quarter.

"Our strong third quarter results continue to reflect the successful execution of our strategies, operational efficiencies, and early returns on foundational and growth investments," said Kathryn Marinello, Hertz's Chief Executive Officer. "By leveraging core strengths and looking at our business with an entrepreneurial mindset, we're not only improving the customer experience, we're finding new ways to capture incremental growth in adjacent markets and create incremental value through innovation."