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Hertz is Crashing...
Hertz is Crashing...
by Ponee Wed Aug 20, 2014 11:45 am
Hertz Is Crashing. The car rental giant was down 13% pre-market after it withdrew its guidance, citing costs of an audit of results dating back to 2011. It now expects results to be "well below" initial forecasts. "Hertz, which has delayed the filing of its second-quarter results pending the completion of the review, has said it would restate its results for 2011 and revise its 2012 and 2013 results," Marketwatch said. "So far, Hertz said, it doesn’t appear it will have to restate its 2012 and 2013 results. The company is also looking into whether its 2014 results have been impacted."
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