Hertz earnings delayed

NAPLES — Car-rental giant Hertz says it plans to announce first-quarter earnings on June 9, nearly a month after it missed the deadline to report its quarterly results.

The publicly traded company was originally scheduled to report first-quarter results on May 12, but it requested an extension and provided few details about the accounting problems it faced.

“Additional work is required to complete the closing procedures associated with the first quarter of 2014 primarily related to evaluating the company's conclusions regarding the capitalization and timing of depreciation for certain non-fleet assets, allowances for doubtful accounts in Brazil as well as other items,” the company says in a brief statement on May 19.