Dollar Thrifty 2nd-quarter profit falls 30 percent on drop in used car values

canadianbusiness.com     Aug 5, 2008          

TULSA, Okla. (AP) - Dollar Thrifty Automotive Group Inc. said Tuesday its second-quarter profit tumbled 30 percent as a result of lower vehicle revenue per day and a drop in used vehicle values. The parent company of the Dollar Rent A Car and Thrifty Car Rental brands earned $10.8 million, or 49 cents per share, compared with $15.3 million, or 63 cents per share, in the same quarter of last year. The recent quarter's results included 72 cents per share related to an increase in fair value of derivatives, compared with 27 cents per share in the 2007... [read full story]                    


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