Hertz Global Holdings, Inc. (NYSE:HTZ) shares lose by 2.46%


Dallas, Texas 08/02/2013 (Financialstrend) – Hertz Global Holdings, Inc. (NYSE:HTZ) made loss of 2.46 % to close at $24.98 per share on Friday with intraday movements ranging from low of $24.33 to high of $25.14 per share. The 52 week low price for the stock is at $10.85 per share and 52 week high price is at $27.75 per share. There are 400.29 million shares in the market with institutional ownership of 103%. The trading volume on Friday was at 20.37 million shares with average level at 5.99 million shares per day.

Hertz Global Holdings, Inc. (NYSE:HTZ) the globe’s largest general use car rental brand, had announced that its high performance sports car Adrenaline Collection, will be extended to Australia with Toyota 86 who is the award winner. Hertz is primarily introducing 30 Toyota 86 Vehicles to its airport and also city locations in Sydney, Brisbane and Melbourne, following the victory of the Adrenaline Collection in the United States. The President of Hertz Global Holdings, Inc. (NYSE:HTZ) has publicized that they are excited to lengthen the Adrenaline Collection into Australia and predominantly as it has been so well received in the United States. The company had announced its fiscal result for second quarter of 2013 on Monday. The firm reported increase in profit when compared to last year. The firm earned $121.4 million that is 27 cents per share that is an increase comparing to earnings of $92.9 million that is 21 cents per share in the same period last year. The firm had a growth to $2.71 billion from $2.23 billion.

The quarterly results of Hertz Global Holdings, Inc. (NYSE:HTZ) was in line with hope of Wall Street and the firm reaffirmed its forecast for 2013 with adjusted incomes of $1.82 to $1.92 per share on proceeds of $10.85 billion to $10.95 billion. The CEO of the Hertz announced that they made a double-digit income development in the U.S. airport car rental business.

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