Investing.com - Ryder System (NYSE:R) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ryder System announced earnings per share of $3.59 on revenue of $2.9B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $2.57B.
Ryder System shares are up 19% from the beginning of the year and are trading at $66.00 , down-from-52-week-high.They are outperforming the CAC 40 which is down 9.91% from the start of the year.
Ryder System shares lost 2.88% in pre-market trade after 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 $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Raytheon Technologies had beat expectations on Tuesday with first quarter EPS of $1.15 on revenue of $15.72B, compared to forecast for EPS of $1.01 on revenue of $15.88B.
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