Ryder System (R) Tops Q1 EPS by 7c, Offers Q2 Guidance

Ryder System (NYSE: R) reported Q1 EPS of $1.12, $0.07 better than the analyst estimate of $1.05. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.6 billion.

GUIDANCE:

Ryder System sees Q2 2016 EPS of $1.50-$1.55, versus the consensus of $1.60.

• Although Ryder modestly outperformed its forecast in the first quarter, in view of the uncertain rental and used vehicle sales environment, the Company is maintaining its full-year 2016 comparable earnings from continuing operations forecast of $6.10 to $6.30 per diluted share.

For earnings history and earnings-related data on Ryder System (R) click here.

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