Avis Budget Group Stock Skids After Q2 Earnings Miss

Avis Budget Group (NASDAQ:CAR) shares declined on Tuesday after the company reported second-quarter financial results. Here’s what you need to know from the report.

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What To Know: Avis reported second-quarter revenue of $3 billion, missing analyst estimates of $3.02 billion. The company reported second-quarter adjusted earnings of 10 cents per share, missing estimates of $1.75 per share, according to Benzinga Pro.

Avis highlighted net income of $5 million, alongside adjusted EBITDA of $277 million. The company reported a 1% decrease in revenue per day, excluding ...