🔴 Hertz is trading 7.1% down in pre-market after adjusted EPS and EBITDA missed estimates

Hertz is trading at $2.10, down 7.08%, after quarterly results missed adjusted EPS and EBITDA estimates.

• Q3 revenue was $2.617 billion, essentially matching estimates; GAAP EPS was $0.20 versus $0.21 expected.
• Revenue and adjusted corporate EBITDA were strongest in three years, though adjusted EPS and EBITDA missed analyst estimates.
• Earnings were released before the scheduled 9:00 a.m. call; available price context showed a sharp pre-market decline, despite improved pricing and stabilized fleet costs.