Strong car rentals boosts Hertz earnings

Newswire

NEW YORK, Oct 29 (Reuters) - Hertz Global Holdings Inc. said on Monday that an 11 percent increase in worldwide car rental revenues helped drive third-quarter net income up 51 percent. The company, which also rents equipment, said net income rose to $162.7 million, or 50 cents per share, from $107.5 million, or 46 cents per share, a year earlier. On an adjusted basis, the company said it earned 65 cents per share. Analysts were expecting the Park Ridge, New Jersey, company to earn 57 ...

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