Avis Budget Posts Weak Q2 Results, Joins Fiverr International, Costar Group And Other Big Stocks Moving L

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.

Shares of Avis Budget Group Inc (NASDAQ:CAR) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results.

Avis Budget reported quarterly earnings of 98 cents per share which missed the analyst consensus estimate of $1.80 per share.

The company reported quarterly sales of $2.998 billion which missed the analyst consensus estimate of $3.101 billion.

Avis Budget Group shares dipped 13.3% to $144.20 in pre-market trading.