All articles tagged with #avis budget group
Originally Published 1 year ago — by Yahoo Finance
Avis Budget Group, Inc. held its Q4 2023 earnings call, discussing forward-looking information and non-GAAP financial measures. The company welcomed Izzy Martins as the new Chief Financial Officer and highlighted the move to a new world headquarters in New Jersey. They reported approximately $2.8 billion of revenue and $311 million of adjusted EBITDA for the quarter.
Originally Published 1 year ago — by Yahoo Finance
Avis Budget Group's fourth-quarter revenue missed estimates, causing its stock to initially plummet but later recover; Arista Networks' stock slid after posting a strong quarter, beating on top and bottom lines but falling short of high expectations; ZoomInfo Technologies' shares surged 22% on better-than-expected results and the announcement of a new AI-powered feature, following a year of struggles and a 13% decline.
Originally Published 1 year ago — by CNBC
Several stocks are experiencing significant movement after hours, including JetBlue Airways, Avis Budget Group, and Arista Networks.
Originally Published 2 years ago — by Seeking Alpha
Avis Budget Group reported better-than-expected Q2 earnings, with revenue down 4% compared to last year. The Americas segment saw a 5% drop in revenue, while the international segment saw a 3% increase. Net income was $436M, down from $774M a year ago, and adjusted EBITDA was down 39% to $737M. Despite the decline in profitability, Avis Budget Group had a positive balance sheet with a liquidity position of approximately $1.1B and no significant debt maturities until mid-2025. Shares of Avis Budget Group rose 2.37% in after-hours trading.