shares of ryder system inc r rallied 52 in premarket trading wednesday after the truck rental company reported fourthquarter earnings that rose above expectations provided an upbeat fullyear outlook and announced plans for a 300 million accelerated stock repurchase asr program net income increased sevenfold to 1811 million or 336 a share from 256 million or 48 cents a share in the yearago period excluding noncomparable items adjusted earnings per share rose to 352 from 83 cents well above the factset consensus of 248 revenue grew 175 to 260 billion beating the factset consensus of 249 billion for 2022 the company expects adjusted eps of 1100 to 1200 compared with the factset consensus of 909 and expects revenue growth of approximately 10 while the factset revenue consensus of 1038 billion implies 74 growth e expect a strong used vehicle sales and rental environment to continue in 2022 slowly moderating in the second half of the year said chief executive robert sanchez the stock has dropped 114 over the past three months through tuesday while the sp 500 spx has shed 49