Avis Budget: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2023, 04:18 PM ET
Last Updated - Jul 31, 2023, 04:18 PM EDT
PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Monday reported second-quarter net income of $435 million.
The Parsippany, New Jersey-based company said it had profit of $11.01 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $9.79 per share.
The car rental company posted revenue of $3.12 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $3.21 billion.
