08:31 AM EDT, 07/25/2024 (MT Newswires) -- Ryder System (R) reported Q2 comparable earnings from continuing operations, a non-GAAP measure, Thursday of $3 per diluted share, down from $3.61 a year earlier.

Analysts polled by Capital IQ expected $2.87.

Revenue for the quarter ended June 30 was $3.18 billion, up from $2.88 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.24 billion.

Ryder said it expects Q3 non-GAAP EPS of $3.30 to $3.50.

Analysts polled by Capital IQ expect $3.39.

The transportation company said it now expects 2024 non-GAAP EPS of $11.90 to $12.40, compared with earlier guidance of $11.75 to $12.50.

Analysts surveyed by Capital IQ expect $12.04.

The company lowered its estimate for 2024 revenue growth to about 8% from its prior outlook of 10%.

Ryder shares were down 2.4% in recent premarket activity.

Price: 123.39, Change: -6.49, Percent Change: -5.00