08:16 AM EDT, 04/23/2024 (MT Newswires) -- Ryder System (R) reported Q1 comparable earnings from continuing operations, a non-GAAP measure, Tuesday of $2.14 per diluted share, down from $2.81 a year earlier.

Analysts polled by Capital IQ expected $1.71.

Revenue for the quarter ended March 31 was $3.10 billion, up from $2.95 billion a year earlier.

Four analysts surveyed by Capital IQ expected $3.06 billion.

Ryder said it expects Q2 comparable EPS of $2.75 to $2.95. Analysts polled by Capital IQ expect $2.79.

The company now expects fiscal 2024 comparable EPS of $11.75 to $12.50, compared with earlier guidance of between $11.50 and $12.50. Analysts surveyed by Capital IQ expect $11.70. The company lowered its estimate for 2024 revenue growth to about 10% from its prior outlook of 13%.

Shares of the company were up 1.8% in recent Tuesday premarket activity.