Investing.com - Ryder System reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ryder System announced earnings per share of $1.21 on revenue of $2.15B. Analysts polled by Investing.com anticipated EPS of $-0.32 on revenue of $2.01B.
Ryder System shares are down 7.4% from the beginning of the year and are trading at $52.00 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Ryder System shares gained 3.40% in pre-market trade the report.
Ryder System follows other major Services sector earnings this month
Ryder System's report follows an earnings beat by Verizon on October 21, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on October 20 with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
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