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Hertz Global Holdings Q2 Profit Down

Hertz Global Holdings, Inc. (HTZ) Monday reported second-quarter net income of $23 million or $0.05 per share, down from $72 million or $0.15 per share reported last year.

Adjusted earnings dropped to $0.19 per share from $0.28 per share last year.

Total revenues dropped to $2.69 billion from $2.83 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $0.19 per share on revenues of $2.71 billion for the quarter.

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