Hertz Global Holdings (NYSE:HTZ) Climbs on Better Outlook

Shares of Hertz Global Holdings, Inc. (NYSE: HTZ) have rallied 7.50% to $10.34 on high volume after HTZ raised fiscal 2009 guidance for revenues to be in the range of $7.0 - $7.1 billion up from prior range of $6.7 - $7.0 billion, corporate EBITDA to be $950 - $960 million up from prior range of $900 - $935 million, adjusted pre-tax income to be in the range of $155 - $165 million, up from prior range of $100 - $120 million and adjusted Diluted earnings per share (EPS) to be $0.21 - $0.23, up from prior range of $0.12 - $0.15.

According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.14 and EBITDA of $954 million on revenue of $7.0 billion for fiscal 2009.