Ryder: 4Q Earnings Snapshot
MIAMI (AP) _ Ryder System Inc. (R) on Thursday reported fourth-quarter earnings of $108.8 million.
On a per-share basis, the Miami-based company said it had net income of $2.06. Earnings, adjusted for one-time gains and costs, were $1.82 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The truck leasing company posted revenue of $2.26 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.17 billion.
For the year, the company reported profit of $273.3 million, or $5.17 per share. Revenue was reported as $8.41 billion.
For the current quarter ending in April, Ryder expects its per-share earnings to range from 94 cents to $1.01.
The company expects full-year earnings in the range of $6.20 to $6.50 per share.
Ryder shares have increased 26 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 10 percent. The stock has dropped 27 percent in the last 12 months.