Hertz 3rd-qtr earnings rise on strong travel demand

Newswire

Oct 31 (Reuters) - Car rental company Hertz Global Holdings Inc reported higher quarterly profit on strong travel demand and backed its 2012 outlook. Third-quarter net income attributable to the company rose to $242.9 million, or 55 cents per share, from $206.7 million, or 47 cents per share, a year earlier. Revenue rose more than 3 percent to $2.51 billion. The car rental industry, tied closely to airline traffic and hotel bookings, has seen ...

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