Ryder System shares are trading lower after the company reported worse-than-expected Q3 revenue results and cut its FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ryder System shares declined after the company reported disappointing Q3 revenue results and lowered its FY24 adjusted EPS guidance.
October 24, 2024 | 4:13 pm
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Ryder System's shares are trading lower due to worse-than-expected Q3 revenue results and a reduction in FY24 adjusted EPS guidance.
The company's Q3 revenue results were below expectations, which typically leads to a negative market reaction. Additionally, the cut in FY24 adjusted EPS guidance suggests future earnings may be lower than previously anticipated, further contributing to the decline in share price.
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