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Dismal results from Ryder System Inc. (R) to drag down the stock
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Posted on 10/22/09 at 1:47pm by Craig Jones
Ryder System Inc. (NYSE: R) said on Thursday that its third-quarter net income sank 66% from a year ago as commercial truck rentals and used vehicles sales fell.
Net income for Ryder System Inc. (R) was $24 million or 43 cents per share. Pension costs cut company's earnings by 19 cents a share.
The R stock, which has already lost significant ground on Thursday following its poor show, is likely to slip further from $44.
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