Hertz’s Loss Misses Expectations in Volatile Start to Year

Hertz Global Holdings Inc. reported another quarterly loss even as the rental company notched its strongest revenue growth in three years in the face of geopolitical events that have roiled the travel industry.

Its adjusted earnings were negative 72 cents a share in the first quarter, Hertz said Thursday in a statement, the ninth loss in the last 10 quarters. The figure marked an improvement from the $1.07 deficit a year ago but narrowly missed the 71-cent loss anticipated on average in analysts’ estimates compiled by Bloomberg.