Ryder Sees 3Q Charge on Market Downturn for Some Trucks - TheStreet

Ryder

(R) - Get Report

will record a third-quarter pretax charge of $34 million to $37 million, or 35 to 39 cents a share, because of an industry-wide downturn in the market for new and used Class 8 trucks.

The rental-truck leasing company said its EPS, excluding charges, should meet analysts' expectations. A seven-analyst poll by

First Call/Thomson Financial

produced a consensus earnings estimate of 60 cents a share for the company's third quarter. The company earned 51 cents a share in the year-ago period.