(AOF) – Hertz is expected to fall in pre-market on Wall Street due to less good results than expected for the 1st quarter. The American car rental company posted a net loss of $1.28 per share (or $392 million) over the period compared to $0.45 expected, despite turnover increasing by 2% to $2.1 billion. dollars. Hertz blames the cost of vehicle depreciation and operating expenses. “We are positioning ourselves to benefit from the strong demand for travel during this year of transition,” underlines CEO Gil West.
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