Earnings Miss Hits Avis Stock, While Verra Mobility Soars on Seven-Year Avis Deal
Avis reports Q2 miss but raises utilization to 72.6% and cuts fleet costs 4%.
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Avis reports Q2 miss but raises utilization to 72.6% and cuts fleet costs 4%.
Berkshire Q2 profit jumps 16% to $13B, beating forecasts. CEO Abel cuts cash pile, buys $10B Alphabet stock & accelerates $7.8B buybacks.
Revenue hit $174.9M (down 27%), net loss $1.60/share from Bitcoin mark-to-market losses.
Ashland is exploring a potential sale after takeover interest from PE firms like Advent, Apollo & Carlyle, following activist pressure from Ancora.