Ryder System Q2 Adj. EPS $3.61 Beats $2.91 Estimate, Sales $2.88B Miss $3.05B Estimate
Portfolio Pulse from Bill Haddad
Ryder System (NYSE:R) reported Q2 earnings of $3.61 per share, beating the analyst consensus estimate of $2.91 by 24.05%. However, this is a 18.51% decrease from the same period last year. The company's quarterly sales of $2.88 billion missed the analyst consensus estimate of $3.05 billion by 5.44%, marking a 4.94% decrease from the same period last year.
July 27, 2023 | 10:50 am
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Ryder System's Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
Ryder System's Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and decreased compared to the same period last year, which is negative. These mixed results could lead to uncertainty in the market, potentially impacting the stock's price.
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