Avis Budget Group Third-Quarter Profit and Revenue Fall as Costs Rise
Avis Budget Group reported third-quarter profit of $183 million, or $5.15 a share, versus $359 million, or $10.11 a share, a year earlier. Revenue also fell as fleet costs increased.
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09:56:02 PM UTC
SquawkNews
*-- Earnings Flash (CAR) Avis Budget Posts Q3 EPS $5.15, vs. FactSet Est of $8.27
By Natalie WegerAvis Budget Group logged lower profit and revenue in the third quarter as fleet costs increased.The car-rental company on Tuesday posted a third-quarter profit of $183 million, or $5.15 a share, compared with a profit of $359 million, or $10.11 a share, a year earlier. Analysts poll…