Investing.com - Ryder System (NYSE:R) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ryder System announced earnings per share of $-1.38 on revenue of $2.16B. Analysts polled by Investing.com anticipated EPS of $-0.82 on revenue of $2.12B. That with comparison to EPS of $1.11 on revenue of $2.18B in the same period a year before.Ryder System had reported EPS of $-0.01 on revenue of $2.28B in the previous quarter.Analysts are expecting EPS of $-0.39 and revenue of $2.15B in the upcoming quarter.
Ryder System shares are down 43.47% from the beginning of the year and are trading at $30.70 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Ryder System follows other major Services sector earnings this month
Ryder System's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on Wednesday, April 22, 2020 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
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