Takeover target Ryder smashes it

SEEKING ALPHA reports today that Ryder’s non-GAAP EPS of $4.45 represented a “beat of $0.79”, while quarterly revenues at $3bn were only slightly higher than expected.

Investing.com, meanwhile, reports that the company topped Q3 EPS estimates by 80 cents, while updating the market on guidance.

(The full statement is here.)

Stock flattish at $75.01 in pre-market, futures down between -0.3% (Dow) and -1.9% (Nasdaq Composite).

Right before 1pm, Ryder stock was up 9% at $81.27, with US markets broadly in positive territory.

The firm – often rumoured to be a takeover target for private equity – also has break-up appeal.