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Actionable news in HTZ: HERTZ GLOBAL HOLDINGS Inc,

There Was A Slew Of Guidance Cuts Today

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Several companies updated their outlooks for the current quarter or year on Monday. So, let’s look into some of the main guidance cuts:

Hertz Global Holdings Inc HTZ 11.44% said it expects first quarter and full year U.S. car rental revenue and consolidated first-quarter earnings per share to be lower than management previously projected, citing "excess industry capacity." Moreover, management anticipates first-quarter U.S. car rental revenue per available car day will fall 2.5 percent to 3.5 percent year-over-year. For the full fiscal year, the company envisions U.S. RAC total revenue will be flat to 1.5...