Ryder System, Inc. (R), a transportation, and logistics company Thursday reported earnings from continuing operations of $132 million or $3.15 per share for the second quarter, higher than $126 million or $2.83 per share in the same quarter a year ago. Earnings as well as revenue beat the consensus estimates.
Excluding one-time items, comparable earnings from continuing operations were $139 million or $3.32 per share, up from $134 million or $3 per share last year. On average, 8 analysts expected the company to report earnings of $3.1 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew to $3.189 billion from $3.182 billion in the previous year. The consensus estimate was for $3.17 billion.
For the third quarter, the company expects comparable EPS from continuing operations to be in the range of $3.45 - $3.65. The Street expects EPS of $3.61.
For the full year, comparable EPS from continuing operations is expected between $12.85 and $13.30. Ryder sees operating revenue to increase 1% year-on-year to $12.7 billion. Analysts expect the company to report earnings of $12.9 per share on revenue of $12.78 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.