(RTTNews) - Shares of Ryder System, Inc. (R) are moving up about 6 percent on Wednesday morning trading despite a decline in its fourth quarter earnings, which came in at $133 million, or $3.25 per share, compared with $135 million, or $3.12 per share, last year.
The company's shares are currently trading at $226.12 on the New York Stock Exchange, up 6.56 percent. The stock opened at $204.51 and has climbed as high as $230.38 so far in today's session. Over the past year, it has traded in a range of $125.54 to $230.38.
The company's revenue for the period fell 0.4% to $3.175 billion from $3.189 billion last year.
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