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Ryder Systems (R) Stock Falls in After-Hours Trading on Revised Earnings Outlook

NEW YORK (TheStreet) -- Shares of Ryder Systems (R - Get Report) are down by 6.15% to $71 in after-hours trading on Monday, after the company lowered its third quarter comparable EPS forecast.

The company now sees third quarter earnings between $1.72 and $1.74 per share versus its previous view between $1.82 and $1.87 per share.

The commercial fleet management company cut its expectations due to lower than expected growth in its Fleet Management Solutions segment.

Ryder Systems also provided fourth quarter earnings guidance between $1.72 and $1.82 per share, while full year earnings guidance was lowered to a range of $6.17 to $6.29 per share versus its previous $6.45 to $6.55 per share expectations.

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Separately, TheStreet Ratings team rates RYDER SYSTEM INC as a Buy with a ratings score of B. TheStreet Ratings Team has...