Hertz Shares Jump on Rental Company’s Better-Than-Expected Loss

Hertz Shares Jump on Rental Company’s Better-Than-Expected Loss

Hertz Global Holdings Inc. shares surged after the company’s second-quarter loss improved from a year ago and beat Wall Street’s expectations, a boon for management’s effort to rejuvenate the business.

Hertz surges after its loss isn’t as bad as feared

Rental car company Hertz reported earnings before the market opened on Thursday....

Hertz reports nearly $300 million in losses as customers across the United States complain about surprise damage fees from AI car scanners - TDPel Media

Let’s face it, no one likes surprise charges—especially after renting a car. Yet that’s exactly what some Hertz customers say they’re dealing with, thanks to the company’s high-tech damage scanners. And just as this backlash heats up, Hertz has dropped its latest financial update—and the numbers are a mixed bag. Earnings Show Improvement, But Losses Remain Hertz reported a loss of $294 million for the most recent quarter. While that’s still in t…

Hertz shares climb after smaller-than-expected Q2 loss

Hertz’s shares surged by 13% after posting a smaller-than-expected loss in the second quarter. The company made a marginal profit of $1 million in earnings before interest, taxes, depreciation, and amortization (EBITDA), beating Wall Street’s expectations. The company lost 34 cents per share on an adjusted basis compared to analysts’ projection of a 42-cent loss. The company has made several significant strategic improvements in an effort to rev…