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Avis Budget reports mixed Q4 results By Investing.com

Avis Budget revenue beat expectation on travel, commercial boost

© Reuters

Investing.com — Avis Budget reported Monday mixed fourth-quarter results as earnings beat, but revenue fell short of estimates despite improved rental demand.

Avis Budget Group Inc (NASDAQ:) fell 2% after-hours following the report.

The car rental company reported EPS of $7.1 on revenue of $2.76 billion, beating estimates for $4.15 a share and $2.81B, respectively.  

The company’s liquidity position at the end of the quarter was over $800 million with approximately an additional $900 million of fleet funding capacity. 

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