Hertz Surges Most in Four Years as Cost Cutting Helps Earnings

  • Rental-car company's 5-cent adjusted EPS exceeds estimates
  • Expense-reduction goal for 2016 set at more than $350 million

Hertz Global Holdings Inc. rose the most in more than four years after the rental-car company’s cost cutting and fleet revival paid off with fourth-quarter earnings that beat analysts’ estimates.

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