Ryder Reports Third Quarter 2019 Revenue of $2.2 Billion, Up 3%; Earnings Impacted by Change in Residual Value Estimates

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Ryder System (R) Reports Q3 Loss Per Share of $1.49

October 29, 2019 7:58 AM EDT

Ryder System (NYSE: R) reported Q3 EPS of ($1.49), may not compare with the analyst estimate of $1.48. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.22 billion.

Loss Primarily Results from an Increase in Non-Cash Depreciation Expense of $3.01, Due to a Change in Vehicle Residual Value... More