Avis Budget Group Inc CAR swung to a loss in the first quarter.
Avis Budget posted a quarterly loss of $23 million, or $0.22 per share, versus a year-ago net income of $7 million, or $0.06 per share. Its adjusted profit came in at $0.12 per share.
Avis Budget's revenue rose 31% to $1.6 billion. However, analysts were expecting a loss of $0.01 per share on revenue of $1.59 billion.
Avis Budget projects adjusted 2012 earnings of $2.35 to $2.65 per share, versus analysts' expectations of $2.11 per share.
Avis Budget shares closed at $15.90 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in