Hertz (HTZ) matched on estimates this morning with its quarterly report. The car rental giant posted earnings of 45-cents a share on roughly $2.7 billion in revenue. Those numbers are records for the company which has now acquired former competitor Dollar Thrifty. Moving forward, the company is reaffirming its guidance for the year. Hertz is up 60% year-to-date, and has climbed 134% over the past year.
The Loews (L) controlled by the Tisch family (not to be confused with the home improvement chain) has posted earnings. The company missed earnings estimates by a dime posting 69-cents a share. Despite the miss on estimates, the company saw a surge in profits as its CNA Insurance group put Hurricane Sandy further behind it. Loews stock has been up about 11%. It's up 16% over the past 52 weeks.
Express Scripts (ESRX) reports after the closing bell. The company is expected to see a significant rise in earnings: $1.10 a share compared to 88-cents last year. However, consensus is for a revenue drop of more than $2-billion to about $25.5 billion. Year-to-date the stock is up about 22%, and just hit a 52-week high on Friday.
Herbalife (HLF) reports after the closing bell. This company, of course, has been in that tug of war between billionaires Bill Ackman, who calls the business model a Ponzi scheme, and Carl Icahn who's long the stock. Herbalife is expected to show significant growth over last year with earnings of $1.18 a share on $1.16-billion in sales. By the way, Icahn is the winner so far in the test of wills with the stock up 82% year-to-date. One other note on Icahn regarding his battle for Dell. This morning he said he opposes Michael Dell's proposal to change voting rules as shareholders decide the future of the company. Over the weekend Michael Dell said he won't be sweetening his new offer for $13.75 a share.
- Company Earnings