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Hertz reports 4Q loss

ESTERO, Fla. (AP) _ Hertz Global Holdings Inc. (HTZ) on Monday reported a loss of $440 million in its fourth quarter.

The Estero, Florida-based company said it had a loss of $5.30 per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 71 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.

The car rental company posted revenue of $2.01 billion in the period.

For the year, the company reported a loss of $491 million, or $5.85 per share. Revenue was reported as $8.8 billion.

Hertz shares have declined 7 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTZ at https://www.zacks.com/ap/HTZ


Keywords: Hertz, Earnings Report