Hertz Global Holdings, Inc. (HTZ, Financial) fell on the back of the company reporting its financial results for the third quarter after the market closed Nov. 9. The company posted EPS of $1.42, which beat estimates by 10 cents. Revenue of $2.57 billion was in line with expectations. Adjusted EBITDA was $321 million, down from $329 million in the same period last year.
"Our operating turnaround plan, focused on growth through enhanced fleet, service, brands and technology, is showing encouraging progress, evidence that Hertz is on the right strategic path,"Ă‚ Kathryn V. Marinello, president and CEO, said.
Nvidia Corp. (NVDA, Financial) rallied more than 5% after the company reported third-quarter EPS of $1.33 on revenue of $2.64 billion yesterday, beating profit estimates by 26 cents per share and revenue expectations by $280 million.
Jensen Huang, founder and CEO, highlighted the good performance of its growth drivers, saying “industries across the world are accelerating their adoption of AI.”
Moreover, the company plans to return cash to shareholders through quarterly dividends and share repurchases in fiscal 2019. It announced a 7% increase in its quarterly dividend to 15 cents per share from the previous dividend of 14 cents per share.
Disclosure: The author holds no position in any stocks mentioned.
