Ryder System Q2 Adj $3.00 Beats $2.87 Estimate, Sales $3.18B Miss $3.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryder System (NYSE:R) reported Q2 earnings of $3.00 per share, beating the analyst estimate of $2.87 but showing a 16.9% decrease from last year. Sales were $3.18 billion, missing the $3.24 billion estimate but up 10.33% from last year.
July 25, 2024 | 10:57 am
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Ryder System reported Q2 earnings of $3.00 per share, beating the $2.87 estimate but down 16.9% YoY. Sales of $3.18 billion missed the $3.24 billion estimate but were up 10.33% YoY.
The mixed results, with earnings beating estimates but sales missing, suggest a neutral short-term impact on the stock price. The YoY decrease in earnings and increase in sales add complexity to the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100