MIAMI (AP) — MIAMI (AP) — Ryder System Inc. (R) on Wednesday reported first-quarter earnings of $139 million.
The Miami-based company said it had profit of $2.94 per share. Earnings, adjusted for non-recurring gains, were $2.81 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.96 per share.
The truck leasing company posted revenue of $2.95 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.93 billion.
For the current quarter ending in June, Ryder expects its per-share earnings to range from $2.80 to $3.05. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.24.
The company expects full-year earnings in the range of $11.30 to $12.05 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on R at https://www.zacks.com/ap/R
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