Ryder System Q4 2023 Adj EPS $2.95 Beats $2.73 Estimate, Sales $3.02B Beat $2.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryder System (NYSE:R) reported Q4 2023 earnings of $2.95 per share, surpassing the $2.73 estimate, with sales of $3.02B also beating the $2.98B estimate. This represents a 2.10% decrease in sales compared to the same period last year.

February 14, 2024 | 11:56 am
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Ryder System reported higher-than-expected Q4 2023 earnings and sales, with EPS at $2.95 and sales at $3.02B, surpassing estimates.
Ryder System's earnings and sales beat are likely to positively impact investor sentiment in the short term, despite the year-over-year decrease in sales. The better-than-expected financial results could lead to a positive adjustment in stock price as the market reacts to the strong performance against analyst expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100