Hertz Results Hit by $1B Impairment Charge
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Hertz Global Holdings (HTZ) reported a larger-than-expected loss for the third quarter, primarily due to a $1 billion non-cash asset impairment charge.
November 12, 2024 | 6:30 pm
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Hertz Global Holdings reported a significant third-quarter loss, driven by a $1 billion non-cash asset impairment charge, which was larger than anticipated.
The $1 billion impairment charge significantly impacts Hertz's financial results, leading to a larger-than-expected loss. This is likely to negatively affect investor sentiment and could result in short-term stock price decline.
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