Dollar Thrifty Automotive Group Reports Second Quarter 2008 Results (PR Newswire)

Tuesday August 5, 7:00 am ET TULSA, Okla., Aug. 5 /PRNewswire-FirstCall/ -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG - News ) today reported results for the second quarter ended June 30, 2008. Net income for the 2008 second quarter was $10.8 million, or $0.49 per diluted share, as compared to net income of $15.3 million, or $0.63 per diluted share, for the comparable 2007 quarter. Net income for the second quarter of 2008 included income of $0.72 per diluted share related to an increase in fair value of derivatives, as compared to income of $0.27 per diluted share in last year's second quarter. The non-GAAP net loss for the 2008 second quarter was $5.0 million, or $0.23 loss per diluted share, as compared to net income of $8.7 million, or $0.36 per diluted share for the 2007 second quarter. Non-GAAP net income (loss)... [read full story]