Hertz Shares Plummet Post-Earnings
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HertzCNBC
•Technology
Technology
Hertz shares plummet after company's disappointing first-quarter results, $250 million stock offering

76% Informative
Hertz shares were off more than 20% during early morning trading before leveling to be off about 15% to 18% toward the end of the company's Tuesday morning quarterly earnings call.
Hertz announced the at-the-market $250 million stock offering during the call to begin working on deleveraging.
Investors are concerned about Hertz 's plan to offer fewer cars for rent as it deals with lower bookings and President Trump 's tariffs.
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