ESTERO, Fla. (AP) _ Hertz Global Holdings Inc. (HTZ) on Monday reported a loss of $147 million in its first quarter.
The Estero, Florida-based company said it had a loss of $1.75 per share. Losses, adjusted for non-recurring costs, came to 99 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.32 per share.
The car rental company posted revenue of $2.11 billion in the period.
Hertz shares have increased 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.67, a drop of 8% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTZ at https://www.zacks.com/ap/HTZ