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Rental Car Companies Stocks Drop Amid Earnings Woes

SOUTH SAN FRANCISCO, CA - AUGUST 08: A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Rental car companies are seeing a drop in earnings and stock prices as they struggle to deal with large inventories and competition from ridesharing companies Uber and Lyft. Avis had initially forecast annual profits of $3.50 a share but recently had to change that forecast to $2.40 to $2.85 a share. (Photo by Justin Sullivan/Getty Images)
SOUTH SAN FRANCISCO, CA - AUGUST 08: A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Rental car companies are seeing a drop in earnings and stock prices as they struggle to deal with large inventories and competition from ridesharing companies Uber and Lyft. Avis had initially forecast annual profits of $3.50 a share but recently had to change that forecast to $2.40 to $2.85 a share. (Photo by Justin Sullivan/Getty Images)
Rental Car Companies Stocks Drop Amid Earnings Woes
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Credit:
Justin Sullivan / Staff
Editorial #:
827752864
Collection:
Getty Images News
Date created:
August 08, 2017
License type:
Rights-managed
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Not released. More information
Source:
Getty Images North America
Object name:
96985435
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