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Benzinga

Business

Adam Eckert

What's Going On With Hertz Shares Today?

Hertz HTZ Hertz Global Holdings Inc

Hertz Global Holdings Inc (NASDAQ:HTZ) is trading higher Thursday after the company reported fourth-quarter financial results. The stock initially traded lower, but reversed following positive analyst coverage.

Hertz said fourth-quarter revenue increased 78% year-over-year to $1.95 billion, which came in below the $1.98 billion estimate. The rental vehicle company reported quarterly earnings of 91 cents per share, which beat the estimate of 76 cents per share.

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