R - Why Transportation & Logistics Company Ryder System's Shares Are Falling Today | Benzinga
Ryder System, Inc. (NYSE: R) reported a third-quarter FY23 revenue decline of 4% year-on-year to $2.924 billion, missing the analyst consensus of $2.985 billion.
Adjusted EPS of $3.58 beat the analyst consensus of $3.22.
Revenue from Fleet Management Solutions decreased by 6% to $1.487 billion, Supply Chain Solutions fell 1% to $1.194 billion, and Dedicated Transportation Solutions fell by 1% to $448 million.
Ryder System held $159 million in cash and equivalents as of quarter end.
Debt-to-equity as of September 30, 2023, was ...