Ryder System Q3 2024 Adj EPS $3.44 Beats $3.42 Estimate, Sales $3.17B Miss $3.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryder System reported Q3 2024 earnings per share of $3.44, slightly beating the estimate of $3.42, but sales of $3.17 billion missed the $3.29 billion estimate. Despite the sales miss, revenue increased by 8.34% compared to the previous year.

October 24, 2024 | 10:56 am
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Ryder System's Q3 2024 earnings per share slightly beat expectations, but sales fell short of estimates. Despite the sales miss, revenue increased year-over-year.
Ryder System's earnings per share slightly exceeded expectations, which is positive, but the sales miss could offset this positive sentiment. The year-over-year revenue increase is a positive sign, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100