R - Why Logistics Provider Ryder System's Shares Are Shooting Higher Today | Benzinga
Ryder System Inc (NYSE:R) shares are trading higher after the company reported first-quarter FY24 sales growth of 5% year-on-year to $3.098 billion, beating the analyst consensus estimate of $3.062 billion.
Revenue from Fleet management solutions decreased by 3% to $1.45 billion, Supply Chain Solutions increased 8% to $1.3 billion and Dedicated Transportation Solutions jumped 24% to $563 million.
Selling, general and administrative expenses increased by 4.1% to $378 million.
EPS of $2.14 beat the analyst consensus estimate of $1.71.
Ryder System held $234 ...