10:21 AM EDT, 04/25/2024 (MT Newswires) -- Hertz Global Holdings' ( HTZ ) shares were down nearly 23% in recent Thursday trading after the company swung to a Q1 loss year-over-year.

The company reported a Q1 adjusted net loss of $1.28 per diluted share, compared with earnings of $0.39 per share a year ago.

Analysts polled by Capital IQ expected a loss of $0.43.

Revenue for the quarter ended March 31 rose to $2.08 billion from $2.05 billion a year earlier. Analysts surveyed by Capital IQ expected $2.05 billion.

Price: 4.50, Change: -1.31, Percent Change: -22.50