Hertz tanks 15% after missing big on earnings (HTZ)

Hertz Global Holdings, the parent company of Hertz car rental franchises, saw its stock plunge 15% to $12.67 a share after reporting a first-quarter loss that was worse than analyst forecasts.
The adjusted loss for the period was $1.61 per share, missing analyst estimates of an $0.84 per share deficit. The company also reported quarterly revenue of $1.92 billion, missing a consensus forecast of $1.95 billion.
"As previously outlined, we are executing on a turnaround plan," president and CEO