Investing.com - Ryder System (NYSE:R) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Ryder System announced earnings per share of $4.45 on revenue of $3.00. Analysts polled by Investing.com anticipated EPS of $3.65 on revenue of $3B.
Ryder System shares are down 27% from the beginning of the year, still down 19.14% from its 52 week high of $92.29 set on October 26, 2021.
Ryder System shares gained 2.16% in pre-market trade following the report.
Ryder System follows other major Industrials sector earnings this month
Ryder System's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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