Dollar Thrifty 2Q profit up, helped by cost cuts

Published August 1, 2012 12:13pm ET



TULSA, Okla. (AP) — Dollar Thrifty Automotive Group Inc.’s second-quarter net income rose 16 percent as lower costs offset revenue that was little changed from a year ago. The car-rental company also raised its earnings expectations for the year.

Dollar Thrifty said Wednesday that it earned $49.4 million, or $1.69 per share, compared with $42.5 million, or $1.36 per share, a year earlier.

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