Adjusted earnings came in at 74 cents per share, which may not compare to the 37 cent estimate. GAAP EPS came in at 40 cents.
Sales came in at $2.51 billion, beating estimates by $30 million.
"We delivered record revenues and significant earnings improvement in the second quarter. Our results were achieved through quality top-line growth, productivity improvements and effective fleet management. At the same time, we continued to invest in our business, focusing on new revenue opportunities and a company-wide technology transformation," said CEO Kathryn Marinello. "Through disciplined execution, investments in new revenue opportunities and by aligning ourselves with our customers, we are strategically positioned for future growth."
- Global revenue grew 5% year-over-year
- U.S. RAC Transaction days up 6%
- U.S. RAC total revenues were up 10%
Hertz shares traded higher by 6.8% at $15.96 in Tuesday's after-hours session.
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