Hertz Shares Slide After Wider-than-expected Loss

By Markets MarketWatch Pulse

Hertz Global Holdings Inc. shares declined in the extended session Monday after the car-rental company's first-quarter results fell below Wall Street expectations. Hertz shares declined 3% to $8.50 after hours. The company reported an adjusted first-quarter loss of 12 cents a share on revenue of $2.31 billion. Analysts surveyed by FactSet had forecast a loss of 1 cent a share on revenue of $2.38 billion. For the year, Hertz sees adjusted earnings of 95 cents to $1.10 a share. Analysts expect 96 cents a share.

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