Dollar Thrifty Automotive Group, Inc. (DTG) on Monday reported financial results for the first quarter, posting a net loss of $297.9 million or $14.07 per share, compared to net income of $5.2 million or $0.21 per share in the comparable quarter last year.
Non-GAAP net loss for the quarter was $16.2 million or $0.77 per share, compared to net income of $9.8 million or $0.40 per share in the first quarter previous year.
On average, four analysts polled by First Call/Thomson Financial expected the company to report a loss of $0.18 per share.
Total revenue was $396.5 million for the quarter, compared to $398.0 million in the comparable quarter a year-ago. Two Wall Street analysts expected revenues of $387.34 million for the period.
Looking forward, for the fiscal year 2008, the company still expects earnings per share in the range of $1.00 to $1.50. Four Street analysts expect earnings of $1.14 per share.
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