Most performance measures at Ryder System in the second quarter were down from a year earlier but the company made a significant upward revision in its forecast for the remainder of this year.
That was the key driver in the company’s stock performance Wednesday. At approximately 1:30 p.m. EDT, Ryder (NYSE: R) was up $6.21, or 6.77%, to $98.
The company’s second quarter earnings per share figure was down to $3.61 from its record level a year ago of $4.43, “largely reflecting weaker market...
https://www.freightwaves.com/news/ryder-forecasts-improved-finances-despite-q2-earnings-decline