Hertz Global Holdings Reports Q3 Earnings Miss Despite Record Adjusted EBITDA
Hertz Global Holdings (HTZ) reported third-quarter financial results that fell short of analyst expectations. The company posted a non-GAAP earnings per share (EPS) of $0.14, missing consensus estimates by $0.11. Additionally, quarterly revenue reached $2.6 billion, representing a 4.8% year-over-year increase but falling $20 million short of Wall Street projections. Despite the top and bottom-line misses, Hertz saw significant operational strength in its core profitability metrics. Adjusted Corporate EBITDA rose 15% year-over-year to $233 million, marking the highest quarterly level for the company in three years.
Tickers: $HTZ
Topics: earnings miss EBITDA revenue growth
Read the full article at Seeking Alpha
Part of the story Kelly Services Projects Q4 Adjusted EBITDA Margin Between 3.8% and 4% (21 articles)