Hertz Implodes After “Earnings Debacle”: Shares To Open At 7 Year Low After Abysmal Results, Guidance

Tuesday, November 8, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Nov 8, 2016

Hertz (HTZ) plummets in extended trading after 3Q EPS and sales miss analyst estimates. The car-rental company blames “a substantial depreciation adjustment, particularly on compact and mid-sized vehicles,” near the close of the quarter, but also says rental volume was at the low end of expectations.

The Rest…HERE

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