Avis Q2 earnings top estimates, driven by 'robust' summer demand
In this article:
Invesitng.com -- Avis reported Monday second-quarter earnings that markedly beat Wall Street estimate as "robust" summer travel bolstered demand.
Avis Budget Group Inc (NASDAQ:CAR) was up more than 2% in afterhours trading following the report.
Avis reported Q2 adjusted EPs of $11.01 on revenue of $3.12 billion, compared with Wall Street estimates for $9.44 on revenue of $3.21B.
"Summer travel has continued to be robust with elevated peak period demand and seasonally improved pricing," the company said.
Related Articles
Avis Q2 earnings top estimates, driven by 'robust' summer demand
Western Digital's first-quarter forecast disappoints as weak cloud demand weighs
Teamsters local unions endorse agreement with delivery giant UPS
