Ryder Reports Record Second Quarter 2019 Revenue of $2.2 Billion, Up 7%
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Ryder System (R) Tops Q2 EPS by 2c, Cuts FY EPS Guidance
July 30, 2019 7:57 AM EDTRyder System (NYSE: R) reported Q2 EPS of $1.40, $0.02 better than the analyst estimate of $1.38. Revenue for the quarter came in at $2.25 billion versus the consensus estimate of $2.25 billion.
GUIDANCE:
Ryder System sees FY2019 EPS of $5.50-$5.80, versus the consensus of $6.13.
Commenting on the companys outlook, Mr. Sanchez says, "We continue to see a healthy demand environment across our contractual lease, dedicated, and supply chain businesses; however, beginning late in the quarter, we saw softening demand for heavy-duty tractors in our transactional used vehicle sales and rental product lines,... More