Earnings

Hertz (HTZ) Q4 2022 profit beats Wall Street estimates

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Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world.

The company also benefited from improved operating performance, CEO Stephen Scherr told CNBC, helping to boost earnings even as revenue came in roughly in line with Wall Street’s upbeat expectations.

Here are the key numbers from Hertz’s fourth-quarter earnings report, compared with Refinitiv consensus estimates:

  • Adjusted earnings per share: 50 cents vs. 46 cents expected
  • Revenue: $2.035 billion vs. $2.033 billion expected

For the full year, Hertz reported adjusted earnings per share of $3.74 on revenue of…



Source cnbc.com

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