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Ryder Cuts First-Quarter Forecast
Ryder (R Quote) expects to miss Wall Street's earnings expectations for the first quarter, as the slowing economy has led to weaker vehicle rentals and soft used truck sales.
The company expects to earn 13 cents to 17 cents a share in the quarter. Eight analysts polled by Thomson Financial/First Call are calling for the company to earn 20 cents. Ryder earned 33 cents in the year-ago period. ...
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