Reports Q4 revenue $2.2B, consensus $2.16B. “Our business benefitted from solid demand and a stable rate environment in the fourth quarter,” said CEO Stephen Scherr. “Nevertheless, we continued to face headwinds related to our electric vehicle fleet and other costs throughout the quarter. We have taken steps to address those challenges and heading into 2024, we are confident that our planned reduction in EVs and cost base, along with the ongoing execution of our enhanced profitability plan, will enable us to regain our operational cadence and improve our financial performance with increasing effect into 2025.”
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