Nov 7 (Reuters) - Car rental company Hertz Global Holdings Inc reported a 82.2 percent fall in quarterly profit as total expenses rose, sending its shares down 25 percent in extended trading on Monday.
The company’s net income fell to $42 million, or 49 cents per share, in the third quarter ended Sept. 30 from $237 million, or $2.60 per share, a year earlier.
Excluding items, the company earned $1.58 per share.
Total expenses rose 5 percent to $2.43 billion.
Hertz’s revenue fell to $2.54 billion from $2.58 billion.
Reporting by Radhika Rukmangadhan in Bengaluru