Ryder System (R) Tops Q3 EPS by $1.53
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Ryder Reports Third Quarter 2020 Results
October 28, 2020 7:55 AM EDTQ3 total revenue of $2.2 billion, down 3%, reflecting lower fuel revenue Q3 operating revenue (non-GAAP) of $1.8 billion, unchanged as higher revenues in supply chain solutions and lease were offset by lower revenues in commercial rental and dedicated transportation solutions Q3 GAAP EPS from continuing operations of $0.85 versus a loss of $(1.75) in prior year, primarily reflecting declining depreciation impact from prior residual value estimate changes as well as improved lease performance and higher supply chain solutions results Q3 comparable EPS (non-GAAP) from continuing operations of $1.21 versus a loss of $(1.49) in prior... More
