Hertz reported earnings per share of 16 cents for the fourth quarter of 2015. This is up from the loss of 51 cents that it reported during the same time last year. It also surpassed analysts' estimates of four cents for the quarter.
Hertz revenue for Q4 2015 was $2.4 billion. It's revenue for the fourth quarter of 2014 was $2.5 billion. Wall Street was expecting the company to report revenue of $2.5 billion.
Hertz is expecting its adjusted EBITDA for the full year of 2016 to be between $1.6 billion to $1.7 billion. This is a change from its previous guidance that had adjusted EBITDA ranging from $1.7 billion to $1.8 billion.
HTZ shares were up 13% as of Noon Tuesday.
More From InvestorPlace:
The post Hertz Global Holdings Inc (HTZ) Stock Rises on Q4 Earnings appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.