Stock Track | Hertz Plunges 7% Pre-Market on Disappointing Q3 Results

Stock Track

2024/11/12

Shares of Hertz Global Holdings, Inc. (NASDAQ:HTZ) plummeted over 7% in pre-market trading on Monday, following the company's release of its third-quarter 2024 financial results, which fell short of analysts' expectations.

The car rental giant reported an adjusted loss of $0.68 per share for the quarter, missing the consensus estimate of a $0.50 loss per share by a significant margin of 36%. Additionally, Hertz's revenue for the quarter came in at $2.6 billion, missing analysts' projections of $2.696 billion by 3.55% and representing a 3.81% decrease from the same period last year.

The disappointing financial performance led to a pre-market sell-off in Hertz shares, with investors reacting negatively to the company's weaker-than-expected earnings and revenue figures. As of 8:02 AM ET, the stock was trading at $14.80, down 7.12% from the previous close.

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(NASDAQ:HTZ) plummeted over 7% in pre-market trading on Monday, following the company's release of its third-quarter 2024 financial results, which fell short of analysts' expectations.</p>\n\n<p>The car rental giant reported an adjusted loss of $0.68 per share for the quarter, missing the consensus estimate of a $0.50 loss per share by a significant margin of 36%. Additionally, Hertz's revenue for the quarter came in at $2.6 billion, missing analysts' projections of $2.696 billion by 3.55% and representing a 3.81% decrease from the same period last year.</p>\n\n<p>The disappointing financial performance led to a pre-market sell-off in Hertz shares, with investors reacting negatively to the company's weaker-than-expected earnings and revenue figures. As of 8:02 AM ET, the stock was trading at $14.80, down 7.12% from the previous close.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HTZ","symbol_name":"赫兹租车","start_time":0,"source_url":"","article_id":"1115790988","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115790988","pubTimestamp":1731416663,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Hertz Global Holdings, Inc.  plummeted over 7% in pre-market trading on Monday, following the company's release of its third-quarter 2024 financial results, which fell short of analysts' expectations.The car rental giant reported an adjusted loss of $0.68 per share for the quarter, missing the consensus estimate of a $0.50 loss per share by a significant margin of 36%. 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