Avis Budget: Q3 Earnings Snapshot

PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Avis Budget Group Inc. (CAR) on Tuesday reported third-quarter net income of $183 million.

The Parsippany, New Jersey-based company said it had net income of $5.15 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $8.47 per share.

The car rental company posted revenue of $3.44 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $3.43 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAR at https://www.zacks.com/ap/CAR