Hertz reported quarterly earnings that beat expectations, partially due to the success of its purcha

Hertz engages in the car and equipment rental businesses around the world. The company operates in two segments: Car Rental and Equipment Rental. The Car Rental segment rents and leases various car models on an hourly, daily, weekend, weekly, monthly, or multi-month basis. This company operates car rental locations at or near airports, in central business districts, and suburban areas of cities, as well as retail used car sales locations, provides car-sharing services, and fleet leasing and management services worldwide. Hertz also sells and rents earthmoving equipment, material handling equipment, aerial and electrical equipment, air compressors, generators, pumps, small tools, compaction equipment, and construction-related trucks.
Hertz reported quarterly earnings that beat expectations, partially due to the success of its purchase of the discount car rental chain Dollar Thrifty. Hertz's earnings of 73 cents a share beat analyst expectations of 71 cents and revenue rose 22 percent to $3.1 billion, topping expectations of $3.06 billion according to analysts from Thomson Reuters. Still, Hertz reaffirmed its lower full-year guidance, but said it has been seeing improvement in sales at its Hertz locations post-government shutdown.