Avis Budget Group (CAR) issues preliminary results for Q1, saying that it expects to report a narrower-than-forecast loss of $23M on revenue of $1.6B. The company sees full-year revenue falling between $7.3B-$7.6B and EPS of $2.35-$2.65 as fleet costs decrease on a per-unit basis. Shares +14.7% premarket.
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