Shares of Avis Budget Group Inc. dropped about 1% in the extended session Monday after the car-rental company posted a first-quarter profit and revenue beat....
Shares of Avis Budget Group Inc. CAR dropped about 1% in the extended session Monday after the car-rental company posted a first-quarter profit and revenue beat. Avis earned $312 million, or $7.72 a share, in the quarter, compared with $519 million, or $9.71 a share, in the year-ago period. Revenue rose 5% to $2.6 billion, the company said, thanks to “strong demand” and per-day revenue in-line with the prior year. FactSet consensus called for EPS of $3.07 a share on sales of $2.5 billion.
72 a share, in the quarter, compared with $519 million, or $9.71 a share, in the year-ago period. Revenue rose 5% to $2.6 billion, the company said, thanks to “strong demand” and per-day revenue in-line with the prior year. FactSet consensus called for EPS of $3.07 a share on sales of $2.5 billion. “Our first-quarter demand was strong, with our international inbound and commercial customers continuing their improved growth,” Chief Executive Joe Ferraro said in a statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Week Ahead: Recession worries simmer beneath US stock market rally By Reuters*WALL ST. WEEK AHEAD: RECESSION WORRIES SIMMER AHEAD OF FED RATE HIKE, U.S. JOBS REPORT AND APPLE EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
Here are the top 10 Wall Street research firms of the past decade, according to TipRanksTipRanks' analyst ranking service ranks the top Wall Street firms of the past decade
Read more »
Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
Read more »
How Lurking On Wall Street Influenced 'Succession' FashionMichelle Matland would study the Murdochs and other wealthy people as she envisioned the HBO show's costume design.
Read more »
KBR first-quarter earnings beat Wall Street expectationsThe Houston-based company said it had profit of 56 cents per share.
Read more »
Wall Street near flat after First Republic news, awaiting FedU.S. stocks ended little changed on Monday as investors took in the weekend auction of First Republic Bank and braced for this week's expected interest rate hike from the Federal Reserve.
Read more »