Corporate Profitability
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Hertz Shares Surge Over 38% On Return To Profit In Q3
RTTNewsยท 2025-11-04 19:09
Core Insights - Hertz Global Holdings, Inc. (HTZ) shares increased by 37.55% to $6.80 following the announcement of a return to profitability in Q3 [1] - The company reported a net income of $184 million, or $0.42 per share, compared to a loss of $1.33 billion, or $4.34 per share, in the same quarter last year [1] - Revenue for the quarter decreased by 4% to $2.48 billion from $2.58 billion year-over-year [1] Stock Performance - The stock opened at $5.73 and fluctuated between $5.60 and $7.12 during the trading session on Nasdaq, closing at $7.05 compared to a previous close of $4.94 [2] - Trading volume surged to approximately 82.8 million shares, significantly higher than the average of 9.2 million shares [2] - Over the past 52 weeks, Hertz shares have traded within a range of $2.87 to $9.39 [2]