
Hertz shares slump after quarterly results miss Wall Street estimates
By Chibuike Oguh NEW YORK (Reuters) -Shares of Hertz Global fell more than 20% on Tuesday after the rental car company’s results missed Wall Street expectations due to reduced vehicle fleet and a moderation in bookings. Estero, Florida-based Hertz reported a nearly 13% drop in revenue on Monday to $1.81 billion and a narrower adjusted net loss of $1.12 per share, down 13% from a year ago. Analy ...