Investing.com - Ryder System (NYSE:R) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ryder System announced earnings per share of $4.43 on revenue of $3B. Analysts polled by Investing.com anticipated EPS of $4.01 on revenue of $2.89B.
Ryder System shares are down 10.02% from the beginning of the year, still down 20.29% from its 52 week high of $93.05 set on October 25, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ryder System shares gained 3.28% 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 $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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