Avis Budget: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 04:18 PM ET
Last Updated - Jun 22, 2023, 12:23 AM EDT
PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Monday reported first-quarter profit of $312 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $7.72.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.34 per share.
The car rental company posted revenue of $2.56 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.5 billion.
