Avis Budget Popped 110% in morning trading

Avis Budget Popped 110% with triple fuse in morning trading after Q3 earnings and revenues surpassing estimates.

Avis Budget Group reported quarterly earnings of $10.74 per share which beat the analyst consensus estimate of $6.50 by 65.23 percent. This is a 850.44 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $3.00 billion which beat the analyst consensus estimate of $2.72 billion by 10.33 percent. This is a 95.63 percent increase over sales of $1.53 billion the same period last year.