logo
Plus   Neg
Share
Email

Ryder System Inc. Q2 adjusted earnings Beat Estimates

Ryder System Inc. (R) released earnings for second quarter that declined from last year.

The company's profit came in at $43.5 million, or $0.82 per share. This compares with $51.4 million, or $0.97 per share, in last year's second quarter.

Excluding items, Ryder System Inc. reported adjusted earnings of $74.8 million or $1.42 per share for the period.

Analysts had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.8% to $2.09 billion from $1.79 billion last year.

Ryder System Inc. earnings at a glance:

-Earnings (Q2): $74.8 Mln. vs. $53.1 Mln. last year.
-EPS (Q2): $1.42 vs. $1.00 last year.
-Analysts Estimate: $1.30
-Revenue (Q2): $2.09 Bln vs. $1.79 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.55 to $1.65
Full year EPS guidance: $5.62 to $5.82

For comments and feedback contact: editorial@rttnews.com

RELATED NEWS
Follow RTT
>