Ryder System Q3 Profit Meets Estimates; Revises Annual Earnings Forecast

(RTTNews) - Ryder System, Inc. (R), a provider of transportation and supply chain management solutions, Wednesday reported third-quarter earnings of $84.0 million or $1.58 per share, higher than $73.9 million or $1.40 per share reported in the year-ago period. Comparable earnings per share from continuing operations were $1.63. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.63 for the quarter. Analysts' estimates typically exclude special items. Quarterly revenues rose to $1.68 billion from $1.63 billion a year ago. Analysts expected revenue of $1.72 billion. The group revised its comparable full-year earnings per share forecast, to a range of $5.55 - $5.60 from the previous expectations of $5.50 - $5.60. Analysts estimate earnings of $5.59 per share. The firm also established a fourth quarter comparable earnings per share forecast of $1.56 - $1.61. Analysts forecast earnings per share of $1.59.