Plus   Neg

Ryder System Lowers FY19 Earnings Outlook - Quick Facts

While reporting financial results for the second quarter on Tuesday, Ryder System, Inc. (R) lowered its comparable earnings guidance for the full-year 2019 to a range of $5.50 to $5.80 from the prior range of $6.05 to $6.35 per share, primarily reflecting weaker expected market conditions in used vehicle sales.

The company also now projects reported earnings for the year in a range of $4.80 to $5.10 per share, down from the prior range of $5.28 to $5.58 per share.

Further, Ryder established a third-quarter earnings forecast in a range of $1.20 to $1.35 per share, and comparable earnings from continuing operations in the range of $1.45 to $1.60 per share.

On average, analysts polled by Thomson Reuters expect the company to earn $6.13 per share for the year and $1.73 per share for the third quarter. Analysts' estimates usually exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple chief executive officer Tim Cook condemned the killing of an unarmed black man, George Floyd, and called for the creation of a "better, more just world for everyone," according to reports citing a memo to employees. Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining.
Follow RTT