Hertz Global Holdings has reported its first quarterly profit in more than two years, marking a major turnaround for the rental car company as it benefits from cost controls, a newer vehicle fleet, an... ...

Hertz Global Holdings, Inc. (HTZ) shares jumped 37.55 percent to $6.80 on Tuesday's trading after the company reported a return to profit for the third quarter.The company posted net income of $184 million, or $0.42 per share, compared with a loss of $1.33 billion, or $4.34 per share, a year earlier. Revenue declined 4 percent to $2.48 billion from $2.58 billion in the same quarter last year.The stock opened at $5.73 and traded between $5.60 and $7.12 during the session on the Nasdaq. It was last seen at $ ...

The rental car company sees improvement across several key metrics in the third quarter. ...