Ryder System Lowers FY19 Earnings Outlook - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Tuesday, Ryder System, Inc. (R) lowered its comparable earnings guidance for the full-year 2019 to a range of $5.50 to $5.80 from the prior range of $6.05 to $6.35 per share, primarily reflecting weaker expected market conditions in used vehicle sales.

The company also now projects reported earnings for the year in a range of $4.80 to $5.10 per share, down from the prior range of $5.28 to $5.58 per share.

Further, Ryder established a third-quarter earnings forecast in a range of $1.20 to $1.35 per share, and comparable earnings from continuing operations in the range of $1.45 to $1.60 per share.

On average, analysts polled by Thomson Reuters expect the company to earn $6.13 per share for the year and $1.73 per share for the third quarter. Analysts' estimates usually exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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