02.11.2023 00:29:14 - dpa-AFX: Avis Budget Group Inc. Reveals Fall In Q3 Income, but beats estimates

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.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AVIS BUDGET GROUP DL-,01 A0KEE9 Frankfurt 98,760 07.06.24 10:23:03 -1,940 -1,93% 0,000 0,000 99,020 98,760

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