Ryder System Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Ryder System Inc. (R) revealed a profit for first quarter that declined from last year.

The company's profit came in at $48.1 million, or $0.64 per share. This compares with $60.6 million, or $0.72 per share, in last year's first quarter.

Excluding items, Ryder System Inc. reported adjusted earnings of $65.1 million or $0.91 per share for the period.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.2% to $1.90 billion from $1.74 billion last year.

Ryder System Inc. earnings at a glance:

-Earnings (Q1): $65.1 Mln. vs. $70.2 Mln. last year. -EPS (Q1): $0.91 vs. $0.83 last year. -Analysts Estimate: $0.87 -Revenue (Q1): $1.90 Bln vs. $1.74 Bln last year.

-Guidance: Full year EPS guidance: $5.45 to $5.70