Ryder System Inc. (R) reported fourth quarter comparable earnings per share from continuing operations of $1.17 Thursday morning, up from $0.97 last year. The consensus estimate was for EPS of $1.10. The company expects to report first quarter comparable earnings of $0.75 to $0.80 and between $470 and $4.85 for the full year. The consensus estimates are for EPS of $0.73 and $4.55.
Ryder System gapped up Thursday and rose sharply in the first half hour of trade. Shares finished up by 2.52 at $56.78 on above average volume. The stock has been on an upward trend since early October and closed at nearly a 52-week high.
by RTT Staff Writer
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