MIAMI (AP) _ Ryder System Inc. (R) on Tuesday reported first-quarter earnings of $45.3 million.
The Miami-based company said it had profit of 86 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, were $1.11 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The truck leasing company posted revenue of $2.18 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $2.13 billion.
For the current quarter ending in July, Ryder expects its per-share earnings to range from $1.34 to $1.44. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.53.
The company expects full-year earnings in the range of $6.05 to $6.35 per share.
Ryder shares have increased 36% since the beginning of the year, while the Standard & Poor's 500 index has risen 17%. The stock has fallen slightly more than 3% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on R at https://www.zacks.com/ap/R