Plus   Neg

Ryder System Raises FY19 Earnings Outlook - Quick Facts

While reporting financial results for the first quarter, Ryder System, Inc. (R) on Tuesday raised its comparable earnings guidance for the full-year 2019 to a range of $6.05 to $6.35 per share from the prior forecast range of $6.00 to $6.30 per share.

The company also now projects reported earnings for the year in a range of $5.28 to $5.58 per share, up from the prior outlook range of $5.18 to $5.48 per share.

Further, Ryder established a second-quarter earnings forecast in a range of $ $1.14 to $1.24 per share, and comparable earnings from continuing operations in the range of $1.34 to $1.44 per share.

On average, analysts polled by Thomson Reuters expect the company to earn $6.10 per share for the year and $1.52 per share for the quarter. Analysts' estimates usually exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network. Mitsubishi Motors North America inc. recalled 141,200 cars and sports utility vehicles (SUVs) due to potential corrosion of the front cross member because of salt water exposure such as from road salt use in cold-weather, according to the National Highway Traffic Safety Administration. The recall is expected to begin on July 14, 2020. The U.S. State of Arizona filed a consumer fraud lawsuit against Google alleging deceptive and unfair practices used to obtain users' location data. In the filing, Arizona Attorney General Mark Brnovich accused that the tech giant exploits these data for its lucrative advertising business. In a tweet, Brnovich said, "We brought forward this action to put a stop to Google's deceptive collection ...
Follow RTT