More on Avis Budget Group (CAR): Q3 misses on a per share basis, but net profit soared as the...

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

More on Avis Budget Group (CAR): Q3 misses on a per share basis, but net profit soared as the car-rental company posted a $128M income-tax benefit and racked up higher sales from its acquisition of Avis Europe. The company trimmed its full year forecast however, due to softness in Europe travel demand. It now expectes earnings of $2.35 to $2.45 per share on sales of about $7.3B.