Hertz Global Holdings, Inc. (NASDAQ:HTZ) saw a 28.26% increase in share prices after a strong third-quarter earnings performance, reporting a profit of $184 million, reversing a $1.3 billion net loss from the same period last year. Adjusted EBITDA stood at $43 million, driven by operational execution and improved fleet economics.
Despite revenue decreasing by 4% year-on-year to $2.48 billion, Hertz Global Holdings, Inc. (NASDAQ:HTZ) CEO Gil West remains optimistic, stating the company is focused on delivering strong results through operational discipline and execution. The company is rebuilding its foundation and sharpening its capabilities for future growth.
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Read more at Yahoo Finance: Hertz Global (HTZ) Zooms Past 28% on Q3 Blowout
