Avis Budget Group (CAR) Reports In-Line Q2 EPS
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Avis Budget Group Reports Strong Second Quarter 2018 Results
August 7, 2018 4:15 PM EDTPARSIPPANY, N.J., Aug. 07, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2018.
Revenue grew 4% to a record $2.3 billion in the second quarterSignificant improvements in per-unit fleet costs and utilizationNet Income improved to $26 million and Adjusted Net Income increased 84% to $46 million, or $0.57 per diluted shareAdjusted EBITDA increased 15% to $161 millionCompany authorizes additional $250 million of future share repurchases and updates its full-year projected 2018 results"Our... More
