By Chibuike Oguh
NEW YORK (Reuters) – Shares of Hertz Global fell nearly 6% to a record low in early trading on Tuesday after the car rental giant reported a bigger-than-expected fourth quarter loss. Hertz’s revenue rose 7% to $2.2 billion while its net loss widened to $348 million and adjusted earnings per share dropped to minus $1.36. Wall Street analysts had expected adjusted earnings per share of minus 76 cents, according to LSEG data. Hertz’s shares were recently trading at $7.81 after hitting an all-time intraday low of $7.73.
(Reporting by Chibuike Oguh in New York; Editing by Lance Tupper)