Why Ryder System Stock Just Tumbled 12%

newsfeedback@fool.com (Rich Smith), The Motley Fool
Tue, 04/25/2017 - 12:50pm

Shares of truck rental and "transportation solutions" company Ryder System (NYSE: R) are tumbling, down 12.2% as of 2 p.m. EDT.It was an earnings report that sent Ryder low. Tuesday morning, Ryder released its fiscal first-quarter 2017 earnings, reporting sales gains of 7% ($1.75 billion) in comparison to last year's Q1 -- but profits down 32% at just $0.71 per diluted share.There are at least two ways of looking at these numbers.

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