Auto-rental company Hertz (HRZ) beat analyst estimates this morning, but only after the company had lowered earnings expectations at the beginning of September.
The company reported earnings of $1.33 a share on net income of $142.8 million, beating the eight-broker
First Call/Thomson Financial
consensus for $1.30 a share.
The company, which is 81.5% owned by
, saw revenue increase by 7% from the previous year. The company had previously lowered earnings expectations for the third quarter, blaming the rising dollar and
-related labor dispute for a shortfall in earnings.