Hertz 2nd-qtr profit beats Street

Newswire

July 30 (Reuters) - Car rental company Hertz Global Holdings Inc posted a quarterly profit that beat market expectations as margins improved. Net income rose to $92.9 million, or 21 cents per share, for the second quarter from $55.0 million, or 12 cents per share, a year earlier. Revenue rose to $2.23 billion. Hertz shares closed $11.50 on Monday on the New York Stock Exchange.

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