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Avis Budget (CAR) Stock Plunges in After-Hours Trading on Earnings Miss

NEW YORK (TheStreet) -- Avis Budget Group (CAR - Get Report) stock is falling by 8.8% to $47.70 in after-hours trading on Monday, after the company reported financial results that missed estimates for the 2015 third quarter.

The car rental company reported earnings of $1.98 per share on revenue of $2.58 billion for the quarter ended September 30.

Analysts had estimated for earnings of $2.02 per share on $2.6 billion in revenue for the latest quarter.

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