Hertz Misses Estimates After Federal Shutdown Curbed Travel

Hertz Global Holdings Inc. reported a fourth-quarter loss that was worse than expected as the company said the government shutdown and softer used-car prices both affected results late in the year.

The company lost 63 cents a share in the period, according to a statement Thursday. That was an improvement from a year ago, but still missed the average analyst estimate of a 52-cent loss.