Tagged Financial Report

Hertz Reports Net Loss of $158M

For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.

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Europcar Reports Revenue Up 10%

In the first half of 2017, Europcar reported revenue of 1.028 billion euros — up 10.1% at constant exchange rates compared with the first half of 2016. Europcar's number of rental days increased to 30 million.

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Avis Budget Revenue Flat on Pricing Declines

Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2017, unchanged compared to Q2 2016. This is primarily due to an increase in overall rental days being offset by a decrease in pricing.

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Hertz to Announce Second Quarter Financial Results

Hertz Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.

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Avis Budget to Announce Second Quarter Results

Avis Budget Group Inc. plans to report its second quarter 2017 results after the market close on Monday Aug. 7.

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FSNA Reports Q1 Revenue of $2.5M

Franchise Services of North America (FSNA), franchisors of the U-Save brand, has reported its Q1 revenue at $2,580,345.

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Europcar Reports Revenue Up, Earnings Down

In Q1, Europcar reported revenue of 439 million euros — up 6.6% compared to first quarter 2016. Adjusted earnings were negative 6 million euros versus negative 5 million euros during the same period last year.

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Hertz Reports Net Loss of $223M

For the first quarter 2017, Hertz Global Holdings Inc. reported declines in revenue and earnings. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016.

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Avis Budget Revenue Drops 2%

Avis Budget Group has reported revenue of $1.8 billion for its first quarter 2017, a 2% decrease. This is primarily due to a 5% decline in pricing partially offset by a 3% increase in rental days.

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Hertz to Announce Q1 Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.

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Avis Budget to Announce Q1 Results

Avis Budget Group Inc. plans to report its first quarter 2017 results after market close on Wednesday May 3.

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FSNA Reports $2.6M Revenue for Q4

Franchise Services of North America (FSNA), franchisors of the U-Save brand, has announced its financial results for the quarter ended Dec. 31, 2016. Revenue and loss from continuing operations were $2,570,439 and $122,918, respectively.

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Hertz Posts $474M Net Loss for 2016

For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.

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Avis Budget Increases Full-Year Revenue by 2%

Avis Budget Group Inc. has reported revenue of $8.7 billion for full-year 2016, an increase of 2% compared to 2015. For its fourth quarter 2016, Avis earned revenue of $1.9 billion, a 1% drop year-over-year.

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Hertz to Announce Q4, Full-Year Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 fourth quarter and full-year financial results on Tuesday Feb. 28.

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FSNA Reports $9.6M Revenue for Fiscal Year

Franchise Services of North America (FSNA), franchisors of the U-Save brand, ended its 2016 fiscal year with revenue of $9,627,460 and loss of $188,039.

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Avis Budget to Announce Q4, Full-Year Results

Avis Budget Group Inc. plans to report its fourth quarter and full-year 2016 results after market close on Wednesday Feb. 15.

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car2go Rentals Up 21% YOY

In financial year 2016, car2go's global network (of nearly 14,000 vehicles) was rented more than 22 million times, a 21% increase compared to 2015.

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Top 10 Auto Rental News Stories of 2016

The top 10 Auto Rental News stories of 2016 from newsletter traffic covered several topics including personnel changes, financial reports, the rise of ride-hailing services, and a class-action suit.

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Icahn More Than Doubles Stake in Hertz

Billionaire investor Carl Icahn has more than doubled his stake in Hertz Global Holdings Inc. after the rental company reported a loss in its third quarter profit.

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