Vehicle rental company Hertz Global Holdings, Inc. (HTZ) reported Tuesday net loss for the third quarter of $1.33 billion or $4.34 per share, compared to net income of $629 million or $0.92 per share in the prior-year quarter.
Results include a non-cash asset impairment charge of $1.0 billion in the latest quarter, largely due to the decline in fleet residual values over the last year or so.
Excluding items, adjusted loss was $0.68 per share, compared to adjusted income of $0.70 per share in the year-ago quarter.
On average, eight analysts polled by Thomson Reuters expected the company to report a loss of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter decreased 5 percent to $2.58 billion from $2.71 billion in the same quarter last year. Analysts expected revenues of $2.70 billion for the quarter.
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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.