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Feb. 24, 2020, 4:32 p.m. EST

Hertz Global posts wider Q4 loss, sales rise

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By Matt Grossman

Hertz Global Holdings Inc. reported a wider loss for the last three months of 2019, despite increased revenue than the same period a year earlier.

The Florida-based car-rental company, which also runs the Dollar and Thrifty brands, had a fourth-quarter loss of $118 million, compared with a loss of $101 million a year earlier.

The company's adjusted loss was 24 cents a share. Analysts polled by Factset expected an adjusted loss of 27 cents a share.

Revenue was $2.33 billion, up from the $2.29 billion Hertz reported for the year-earlier period. Analysts were expecting $2.34 billion in revenue.

Write to Matt Grossman at matt.grossman@wsj.com

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