Hertz shares rally as third-quarter earnings crush expectations
Hertz Global Holdings Inc.’s HTZ, -1.39% stock jumped in Thursday’s extended session after the car rental company posted quarterly results that exceeded Wall Street’s expectations. Hertz reported its third-quarter earnings rose to $141 million, or $1.68 a share, from $93 million, or 93 cents a share, a year earlier. On an adjusted basis, the company would have earned $2.14 a share. Revenue rose 7% to $2.76 billion. Analysts surveyed by FactSet had forecast earnings of $1.77 a share on revenue of $2.68 billion. Shares of Hertz soared 14% after hours.
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