Ryder System Inc. Q3 Earnings Retreat 21%

(RTTNews) - Ryder System Inc. (R) released a profit for third quarter that declined compared to the same period last year.

The company said its earnings fell to $70.8 million, or $1.13 per share. This was lower than $89.6 million, or $1.67 per share, in last year's third quarter.

Analysts had expected the company to earn $1.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.1% to $1.53 billion. This was up from $1.47 billion last year.

Ryder System Inc. earnings at a glance:

-Earnings (Q3): $70.8 Mln. vs. $89.6 Mln. last year. -Earnings Decline (Y-o-Y): -21.0% -EPS (Q3): $1.13 vs. $1.67 last year. -EPS Decline (Y-o-Y): -32.3% -Analysts Estimate: $1.29 -Revenue (Q3): $1.53 Bln vs. $1.47 Bln last year. -Revenue Change (Y-o-Y): 4.1%

-Guidance: Next quarter EPS guidance: $1.31 to $1.41 Full year EPS guidance: $4.46 to $4.56