Skip navigation
Watchlist Sponsored By :

Current DateTime: 01:02:19 22 Nov 2008
LinksList Documentid: 24890560
  • Risk & You

      It's a risky world out there. Whether it's investment or retirement, career or home you can take steps to lower your risk profile.

  • Wall Street In Crisis

      With shock after shock to the world's financial system, the credit crunch continues to drive a major reconfiguration of the Wall Street landscape.

  • Protecting Your Portfolio

      Credit Crunch. Recession. Bear Market. There's a triple threat out there for investors. Here's a guide to managing your money.

Hertz Fourth-Quarter Profit Rises on Higher Rental Revenue
Reuters | 20 Feb 2008 | 09:48 PM ET
Text Size

Hertz Global Holdings [HTZ  Loading...      ()   ] said on Wednesday its fourth-quarter profit rose on an increase in worldwide car rental revenues.

Net income in the quarter was $80.7 million, or 25 cents per share, compared with $39.8 million, or 14 cents per share, a year earlier. Revenue rose 7.4 percent to $2.14 billion.

On an adjusted basis, Hertz earned 29 cents per share for the fourth quarter. Analysts on average had expected the Park Ridge, New Jersey, company to earn 26 cents per share, according to Reuters Estimates.

Hertz operates 7,900 car rental locations and ranks as the largest airport-based car rental agency in the U.S. market. It also rents tools and equipment through a subsidiary. The company was spun off by Ford Motor [F  Loading...      ()   ] in 2005.

Copyright 2008 Reuters. Click for restrictions.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis