R - Why Is Transport Company Ryder System Trading Lower Today? | Benzinga
Ryder System, Inc. (NYSE:R) reported a fourth-quarter fiscal 2023 revenue decline of 2% year-on-year to $3.02 billion, beating the consensus of $2.98 billion.
Operating revenue increased by 2% to $2.447 billion. Adjusted EPS of $2.95, down from $3.89 a year ago, beat the consensus of $2.73.
Revenue from Fleet Management Solutions decreased by 7% to $1.481 billion, Supply Chain Solutions rose 4% to $1.301 billion, and Dedicated Transportation Solutions fell by 3% to $443 million.
Net cash provided by operating ...