Hertz Global Holdings Inc. withdrew its full-year guidance, saying it now expects results to be “well below” the low end of its previously issued forecast.
The Florida-based car- and equipment-rental company cites operational challenges and costs associated with a continuing audit of its results dating to 2011.
Hertz also said the audit could push the spinoff of HERC, its construction-equipment-rental business, past the move planned for first quarter of 2015.
(more on Hertz withdrawal of 2014 guidance . . . )
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