Avis Budget Group, Inc. (CAR) Tops Q2 EPS by 7c, Raises Guidance
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Avis Budget Group Reports Second Quarter 2014 Results
August 4, 2014 4:15 PM EDTRevenue increased 10% to $2.2 billion. North America pricing increased 4%, excluding Payless. Adjusted EBITDA increased 19% to $213 million. Diluted earnings per share increased 36% to $0.68, excluding certain items, on GAAP net income of $26 million. Company raises its 2014 Adjusted EBITDA and earnings per share estimates.
PARSIPPANY, N.J., Aug. 4, 2014 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR) today reported results for its second quarter ended June 30, 2014. For the quarter, the Company reported revenue of $2.2 billion, a 10% increase compared with the... More
