PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Monday reported third-quarter profit of $359 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $10.11.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $8.11 per share.
The car rental company posted revenue of $3.52 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.48 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAR at https://www.zacks.com/ap/CAR
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