Hertz Global Holdings, Inc (NASDAQ:HTZ) will release earnings results for the first quarter, after the closing bell on Monday, May 12.
Analysts expect the Estero, Florida-based company to report quarterly losses at 98 cents per share, versus year-ago losses of $1.28 per share in the year-ago period. Hertz Global projects to report quarterly revenue at $2.01 billion, compared to $2.08 billion a year earlier, according to data from Benzinga Pro.
Pershing Square revealed in a regulatory filing last month that the firm purchased 12.71 million shares of Hertz as of Dec. 31, representing a stake of approximately 4.1%.
Hertz Global shares gained 7.7% to …