Hertz Global Holdings reported a non-GAAP EPS of -$1.18, missing estimates by $0.46. Their revenue was $2.04 billion, which was $90 million less than expected. This represents a significant 20% miss on revenue forecasts. The company also announced consent solicitations to amend their 12.625% First Lien Senior Secured Notes due in 2029. Investors are now turning their attention to durable goods and new-home sales data as the earnings season winds down. Hertz’s financial performance lags behind industry trends, highlighting the challenges the company faces in the current market environment.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
