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Hertz Global Holdings Q2 net loss $158 million

Staff Writer | August 9, 2017
Hertz Global Holdings reported a second quarter 2017 net loss from continuing operations of $158 million, or $1.90 per diluted share.
Hertz Global Holdings
Hertz Global Holdings   Total revenues were $2.2 billion
This is including $54 million of impairment charges, compared with a net loss from continuing operations of $28 million, or $0.33 per diluted share, during the second quarter 2016.

On an adjusted basis, the company reported a net loss for the second quarter 2017 of $52 million, or $0.63 per diluted share, compared with net income of $35 million, or $0.41 per diluted share, for the same period last year.

Total revenues for the second quarter 2017 were $2.2 billion, a 2% decline versus the second quarter 2016.

Loss from continuing operations before income taxes for second quarter 2017 was $245 million, including $86 million of impairment charges, versus $35 million in the same period last year.

Adjusted Corporate EBITDA for the second quarter 2017 was $35 million, compared to $184 million in the same period last year.


 

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