real-time news and commentary for investors
Tuesday, Nov 1
2011, 12:36 PM
Shares of Dollar Thrifty (DTG) trade down 2.6% after the firm reports Q3 results that beat...
Shares of Dollar Thrifty (DTG) trade down 2.6% after the firm reports Q3 results that beat estimates off of strong rental revenue. CEO Scott Thompson says that even with a pricing headwind, the firm benefited from a favorable used vehicle market and low-cost operating structure. The company sees rental revenue increasing 1%-2% in Q4, offsetting a decline in revenue per day. Rivals Hertz (HTZ -6.6%) and Avis Budget (CAR -8.5%) are showing steeper declines on the day.