Ryder System (R) Tops Q2 EPS by 6c, Beats on Revenues; Raises FY17 Adj. EPS Outlook

Ryder System (NYSE: R) reported Q2 EPS of $1.00, $0.06 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.77 billion.

• Q2 GAAP EPS from Continuing Operations Down $0.41 or 30% to $0.97, Primarily Impacted by Lower Used Vehicle Sales Results
• Q2 Comparable EPS (non-GAAP) from Continuing Operations Down $0.56 or 36% to $1.00, Primarily Impacted by Above Item
• Record Q2 Total Revenue Grows 5% to $1.8 Billion; Record Q2 Operating Revenue (non-GAAP) Up 2% to $1.5 Billion
• Revised Full-Year 2017 GAAP EPS Forecast Range of $4.03 to $4.23 vs. Prior Forecast of $3.90 to $4.20
• Revised Full-Year 2017 Comparable EPS Forecast Range (non-GAAP) of $4.38 to $4.58 vs. Prior Forecast of $4.25 to $4.55

GUIDANCE:

Ryder System sees FY2017 EPS of $4.38-$4.58, versus the consensus of $4.37.

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

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