Ryder System falls on Q3 revenue miss

Ryder System

25/10/2023 15:20

** Shares of logistics and transportation co Ryder System
 R.N  fall 4% to $94.05 
    ** Q3 revenue falls to $2.92 bln, from $3.04 bln, while
analysts were expecting a drop to $2.99 bln - LSEG data 
    ** Results reflect weaker market conditions in used vehicle
sales and rental
    ** Ryder raises non-GAAP EPS view to $12.60-$12.85 from 
$12.20-$12.70
    ** Three of seven brokerages rate the stock "buy" or higher,
four "hold"; their median PT is $114 - LSEG data
    ** Despite the session's losses, stock is up about 13% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))