Earnings beat
Avis Budget (NASDAQ:CAR) reports revenue rose 6% in Q4 after factoring out currency swings.
Adjusted EBITDA rose to a record level for the quarter of $143M.
The company says Q1 off to a strong start as the momentum we experienced in December has continued. Full-year revenue of $9.4B to $9.6B is anticipated vs $9.3B and adjusted EBITDA of $750M to $850M.
Shares of Avis are up 8.44% in AH trading
Avis Budget (NASDAQ:CAR) reports revenue rose 6% in Q4 after factoring out currency swings.
Adjusted EBITDA rose to a record level for the quarter of $143M.
The company says Q1 off to a strong start as the momentum we experienced in December has continued. Full-year revenue of $9.4B to $9.6B is anticipated vs $9.3B and adjusted EBITDA of $750M to $850M.
Shares of Avis are up 8.44% in AH trading
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