Hertz Posts Double Beat In Q1 With Strongest Revenue Growth In Three Years
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Hertz Global Holdings Inc (NASDAQ: HTZ) reported Q1 results that exceeded Wall Street expectations, with total revenue of $2.004 billion, an 11% year-over-year increase, marking the strongest growth in three years. Despite a narrowed adjusted loss of 72 cents per share, HTZ shares fell 6.02% to $6.09. The company highlighted efficiency gains and launched new initiatives, including Oro Mobility and a partnership with eBay for car sales.
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