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Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2016. This is a 3% increase primarily due to a 3% rise in rental days.
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Avis Budget Group Inc. plans to report its second quarter 2016 results after the market close on Tuesday Aug. 2.
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Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 second quarter financial results on Tuesday August 9.
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Over-fleeting and demand anomalies put unusual pressure on pricing in the first few months of 2016, but conservative fleeting and strong summer demand is turning that around, according to Hertz and Avis Budget Group’s first quarter conference calls.
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In the first quarter 2016, Hertz Global Holdings Inc. has reported its total revenues as $2.3 billion, a 6% decline versus the first quarter of 2015. Hertz’s car rental average fleet declined 4% but fleet efficiency rose to 77%.
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Avis Budget Group has reported revenue of $1.9 billion for its first quarter 2016, a 2% increase and 3% growth in constant currency.
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Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 first quarter financial results on Tuesday May 10.
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Avis Budget Group plans to report its first quarter 2016 financial results after market close on Tuesday May 3.
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Despite this reduction, Hertz Global Holdings Inc. confirms that its full-year 2016 adjusted earnings will be within a range of $1.6 to $1.7 billion.
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For the full-year 2015, Hertz Global Holdings Inc. has reported total revenue of $10.5 billion, a 5% year-over-year decline. But its adjusted earnings were up 12% from 2014 at $1.49 billion.
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