Shares of Hertz Global Holdings Inc. HTZ, -1.51% rose 0.7% late Monday after the rental-car company swung to a narrower-than-expected adjusted loss in the second quarter. Hertz said it lost $63 million, or 75 cents a share, in the quarter, compared with a net loss of $158 million, or $1.90 a share, in the second quarter of 2017. Adjusted for one-time items, Hertz lost $16 million, or 19 cents a share, compared with an adjusted net loss of $52 million, or 63 cents a share, in the year-ago period. Revenue rose 7% to $2.4 billion, the company said. Analysts polled by FactSet had expected adjusted losses of 24 cents a share on sales of $2.3 billion. Hertz shares ended the regular trading session down 1.5%.
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