Hertz Global Holdings Inc. (HTZ) reported that its first quarter 2013 net income attributable to common stockholders was $18.0 million or $0.04 per share, compared to a loss of $56.3 million, or $0.13 per share in the first quarter of 2012.
Adjusted net income for the first quarter was $93.9 million, versus $19.4 million in the same period of 2012, resulting in adjusted earnings per share for the quarter of $0.21, compared with $0.05 for the first quarter of 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Total expenses for the quarter rose to $2.36 billion from $2.29 billion in the prior year.
Meanwhile, total revenues for the quarter rose to $2.43 billion from $2.01 billion in the prior year quarter. Five analysts had consensus revenue estimate of $2.39 billion for the quarter.
For fiscal 2013, the company reaffirmed guidance for 2013, and continues to expect adjusted net income to be in the range of $830 million - $875 million or $1.82 - $1.92 per share, and Revenues of $10.85 billion - $10.95 billion. Analysts expect the company to report earnings of $1.90 per share on revenues of $10.91 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.