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Avis Budget Group, Inc. (CAR) Message Board

  • amehrich amehrich Aug 1, 2012 7:21 PM Flag

    4:55PM Avis Budget beats by $0.24

    4:55PM Avis Budget beats by $0.24, misses on revs; guides FY12 EPS in-line, revs in-line (CAR) 14.10 -0.27 : Reports Q2 (Jun) earnings of $0.94 per share, $0.24 better than the Capital IQ Consensus Estimate of $0.70; revenues rose 32.2% year/year to $1.87 bln vs the $1.9 bln consensus. Co issues in-line guidance for FY12, sees EPS of $2.35-2.65 vs. $2.48 Capital IQ Consensus Estimate; sees FY12 revs of $7.2-7.5 bln vs. $7.42 bln Capital IQ Consensus Estimate. "Our second quarter results reflected rental volume increases across all regions, organic earnings growth, a significant contribution from the Avis Europe acquisition and continued margin expansion."

45.56+1.26(+2.84%)Oct 2 4:00 PMEDT