BONITA SPRINGS, Fla. (AP) _ Herc Holdings Inc. (HRI) on Tuesday reported a loss of $27.6 million in its second quarter.
On a per-share basis, the Bonita Springs, Florida-based company said it had a loss of 98 cents. Earnings, adjusted for asset impairment costs, were 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The equipment rental supplier posted revenue of $415.8 million in the period.
Herc Holdings shares have climbed 13 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.
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