Hertz 4th-qtr net rises on higher rental revenue

Newswire

NEW YORK, Feb 20 (Reuters) - Hertz Global Holdings Inc 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 ...

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