Ryder System Inc. Profit Falls 5% In Q2

(RTTNews) - Ryder System Inc. (R) announced earnings for second quarter that declined from last year.

The company said its bottom line fell to $83.3 million, or $1.56 per share. This was down from $88.0 million, or $1.65 per share, in last year's second quarter.

Analysts had expected the company to earn $1.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.4% to $1.70 billion. This was up from $1.66 billion last year.

Ryder System Inc. earnings at a glance:

-Earnings (Q2): $83.3 Mln. vs. $88.0 Mln. last year. -Earnings Decline (Y-o-Y): -5.3% -EPS (Q2): $1.56 vs. $1.65 last year. -EPS Decline (Y-o-Y): -5.5% -Analysts Estimate: $1.54 -Revenue (Q2): $1.70 Bln vs. $1.66 Bln last year. -Revenue Change (Y-o-Y): 2.4%

-Guidance: Next quarter EPS guidance: $1.65 - $1.72 Full year EPS guidance: $5.90 - $6.05