Herc Holdings Reports Q3 Earnings: Key Highlights
Portfolio Pulse from Vaishali Prayag
Herc Holdings Inc. (NYSE:HRI) reported Q3 earnings with adjusted EPS of $4.35, missing estimates, but revenues of $965 million exceeded forecasts. The company saw a 6% revenue increase, a 13% rise in equipment rental revenue, and an 8% net income growth. Herc raised its equipment rental revenue growth outlook and reaffirmed its full-year adjusted EBITDA guidance.
October 22, 2024 | 2:31 pm
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Herc Holdings reported Q3 earnings with adjusted EPS below estimates but revenues above forecasts. The company saw significant growth in equipment rental revenue and raised its revenue growth outlook. Shares rose 8.3% following the report.
Despite missing EPS estimates, Herc Holdings exceeded revenue forecasts and reported strong growth in equipment rental revenue. The company raised its revenue growth outlook, which is a positive signal for investors. The stock price increased by 8.3%, indicating a positive market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100