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Avis Q2 earnings top estimates, driven by 'robust' summer demand

Invesitng.com -- Avis reported Monday second-quarter earnings that markedly beat Wall Street estimate as "robust" summer travel bolstered demand.  

Avis Budget Group Inc (NASDAQ:CAR) was up more than 2% in afterhours trading following the report. 

Avis reported Q2 adjusted EPs of $11.01 on revenue of $3.12 billion, compared with Wall Street estimates for $9.44 on revenue of $3.21B.

"Summer travel has continued to be robust with elevated peak period demand and seasonally improved pricing," the company said. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.