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Earnings beat and raised guidance often trigger multiple expansion, especially with simultaneous target hikes from multiple banks; historical precedent shows such catalysts can produce 5–15% intraday moves in the subsequent weeks depending on macro context.
What happened, with direct paths to the underlying reporting
Ryder System beat Q3 expectations with EPS of $4.33 and revenue of $3.433B, prompting an upgrade of its FY2026 adjusted EPS guidance to $14.85-$15.05 and reaffirmed sales of $10.718B. Management cited strategic initiatives and strength in used-vehicle sales and rental, targeting ROE above 18% and over $70M in benefits in 2026. The result spurred upside revisions from multiple banks and a modest share gain.
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