Avis Budget Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Avis Budget Group, Inc. (CAR) reported fourth-quarter net income of $23 million or $0.21 per share, compared to a loss of $28 million or $0.26 per share, prior year. Adjusted earnings per share was $0.23, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.20 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.89 billion from $1.85 billion last year. Analysts expected revenue of $1.94 billion for the quarter.

For 2015, the company expects: revenue will be approximately $8.8 billion; earnings per share, excluding certain items, in the range of to $3.15 to $3.75. Analysts expect the company to report fiscal 2015 earnings per share of $3.56 on revenue of $8.94 billion.