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.
For comments and feedback: editorial@rttnews.com