For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.
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Revenue growth was driven by a 5% increase in total rental days and strong pricing.
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For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.
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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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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 Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.
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Avis Budget Group Inc. plans to report its second quarter 2017 results after the market close on Monday Aug. 7.
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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 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 Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.
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