Avis Budget Group (CAR) issues preliminary results for Q1, saying that it expects to report a...

|About: Avis Budget Group, Inc. (CAR)|By:, SA News Editor

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.