Hertz (HTZ) to Restate Results As Accounting Issues Wider Than Thought

Hertz Global Holdings (HTZ) shares declined more than 9% in regular session Friday after the company said in a regulatory filing that it would have to restate and correct financial results for the past twelve quarters. Citing the results of an internal audit, Hertz said its fiscal 2011 earnings “should no longer be relied upon […] View the full post at: Hertz (HTZ) to Restate Results As Accounting Issues Wider Than Thought Related posts: China Accounting Shift Narrows Deficit Warren Buffett’s Holding Company Reduces Stake in Moody’s Shares Caterpillar Inc. Downgraded to “Neutral” at BofA