Ryder System Inc. Reports 4% Retreat In Q3 Profit

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

The company said its earnings totaled $89.4 million, or $1.67 per share. This was down from $93.3 million, or $1.74 per share, in last year's third quarter.

Analysts had expected the company to earn $1.66 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.0% to $1.72 billion. This was up from $1.67 billion last year.

Ryder System Inc. earnings at a glance:

-Earnings (Q3): $89.4 Mln. vs. $93.3 Mln. last year. -Earnings Decline (Y-o-Y): -4.2% -EPS (Q3): $1.67 vs. $1.74 last year. -EPS Decline (Y-o-Y): -4.0% -Analysts Estimate: $1.66 -Revenue (Q3): $1.72 Bln vs. $1.67 Bln last year. -Revenue Change (Y-o-Y): 3.0%

-Guidance: Full year EPS guidance: $5.70 - $5.85