Hertz falls on lower forecast

Hertz Global Holdings plunged the most in more than two years yesterday after cutting its forecast for full-year revenue and profit, citing weaker-than-anticipated car rentals at US airports. Hertz slid 13% to $22.52 in New York. The shares gained 58% this year before yesterday. Sales will probably be $10.8bn to $10.9bn, down from a forecast in February of $10.85bn to $10.95bn, the company said.