Avis Budget: Q4 Earnings Snapshot
By AP News
Published - Feb 12, 2024, 04:48 PM ET
Last Updated - Feb 12, 2024, 04:48 PM EST
PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Monday reported fourth-quarter profit of $259 million.
The Parsippany, New Jersey-based company said it had net income of $7.10 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.36 per share.
The car rental company posted revenue of $2.76 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.8 billion.
