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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


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, 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


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-related labor dispute for a shortfall in earnings.