đź’¨ Abstract
Avis Budget Group reported a first-quarter loss of $505 million ($14.35 per share), missing Wall Street estimates for a loss of $5.72 per share. Revenue was $2.43 billion, also below forecasts of $2.52 billion. Despite a 25% year-to-date increase, shares fell 17% over the past year, trading at $100.68.
Courtesy: wtop.com
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