Avis Budget Group (CAR) Reports Q1 Loss, Lags Revenue Estimates

Avis Budget Group (CAR) came out with a quarterly loss of $14.35 per share versus the Zacks Consensus Estimate of a loss of$ 5.72. This compares to loss of $3.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -150.87%. A quarter ago, it was expected that this car rental company would post a loss of$ 0.96 per share when it actually produced a loss of $0.23, delivering a surprise of 76.04%. Over the last four quarters, the com ...