Hertz profit beats on higher pricing

April 29 Mon Apr 29, 2013 4:24pm EDT

April 29 (Reuters) - Hertz Global Holdings Inc reported a better-than-expected quarterly profit due to strong demand for car rentals and higher pricing.

The company posted a net income of $18.0 million, or 4 cents per share, in the first quarter, compared with a loss of $56.3 million, or 13 cents per share, a year earlier.

Excluding items, Hertz earned 21 cents per share, above analysts' estimates of 17 cents per share.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.