That Hertz: Shares Tumble as Guidance Withdrawn, Bulls Beat Retreat
August 20, 2014 at 11:11 AM EDT
Shares of Hertz (HTZ) are tumbling today after the rental-car company release so much bad news it’s hard know where to begin. Hertz withdrew its financial forecasts, citing higher audit expenses; it said the sale of its equipment-rental business could be postponed well into next year; and that higher demand was offset by too few [...]