WASHINGTON (dpa-AFX) - Avis Budget Group Inc. (CAR) revealed earnings for
third quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $627 million, or $16.78 per share. This
compares with $1031 million, or $21.67 per share, in last year's third quarter.
Analysts on average had expected the company to earn $14.16 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 0.3% to $3.56 billion from $3.55
billion last year.
Avis Budget Group Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $627 Mln. vs. $1031 Mln. last year.
-EPS (Q3): $16.78 vs. $21.67 last year.
-Analyst Estimates: $14.16
-Revenue (Q3): $3.56 Bln vs. $3.55 Bln last year.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX