Hertz Stock Price Continues To Slide As Earnings Miss The Mark
Hertz Global (NASDAQ: HTZ), the renowned car rental company, experienced a challenging third quarter, with a wider-than-expected loss and revenues that did not meet analyst projections. The company’s recent financial report uncovers the various operational hurdles that led to its subpar performance, reflecting shifting industry dynamics and internal complications.
The Hertz stock price has fallen 2.97%, steadying slightly after gapping down first thing and hitting a low of 2.97 on the day. In early trading, the stock lost more than 10%, before regaining some of the lost ground and trading at $3.27 in a volatile morning session.
During the quarter, Hertz faced an eminent challenge—a substantial $1 billion asset impairment charge,…
