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Ryder beats already-strong Q2 estimates, could be on acquisition hunt

Ryder beats already-strong Q2 estimates, could be on acquisition hunt

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Ryder System (NYSE: R) was set to have a significantly better second quarter in 2021 than 2020, when it posted a big loss on the back of a drop in revenue because of COVID-19 and writedowns connected to the value of its used truck fleet. But the company blew away projections with a non-GAAP Q2 earnings-per-share figure of $2.40 that was better than consensus estimates by $1.02 per share, according to SeekingAlpha.

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