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Ryder Systems (R) Stock Continues Fall on Revised Earnings Outlook

NEW YORK (TheStreet) -- Shares of Ryder System (R - Get Report) are down by 8.82% to $68.98 in mid-morning trading on Tuesday, after the company lowered its third quarter comparable EPS forecast.

Ryder System 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 anticipated 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...