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Ryder System, Inc. (R) - $25 value - yours FREE >>
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Ryder System, Inc. (R) - $25 value - yours FREE >>
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UBER Designates Prashanth Mahendra-Rajah as the New CFO
Uber Technologies, Inc. (UBER - Free Report) announced that Prashanth Mahendra-Rajah will join the company from Nov 13, 2023, as the new chief financial officer.
He holds a B.S. in chemical engineering from the University of Michigan, an M.S. in engineering from Johns Hopkins University, and an M.B.A. from Krannert School of Management at Purdue University.
UBER’s CEO Dara Khosrowshahi stated, “Prashanth is an incredibly skilled and dynamic finance executive, with decades of experience across a variety of complex industries. I’m confident he’ll be able to help us deliver even more innovation and efficiency as we continue this next phase of profitable growth.”
Mr. Mahendra-Rajah is currently the CFO of Analog Devices (ADI). At ADI, he looks after financial strategy and oversee the company’s global finance organization, with responsibility for financial management, planning, controls and reporting. Prior to joining ADI, he was chief financial officer of WABCO Holdings Inc., a global supplier of commercial vehicle technologies.
Zacks Rank
UBER currently sports Zacks Rank #1 (Strong Buy).
Other Key Picks
Some other top-ranked stocks for investors interested in the Zacks Transportation sector are GATX Corporation (GATX - Free Report) and Ryder System (R - Free Report) .
GATX, which presently carries a Zacks Rank #2 (Buy), has strengthened its railcar leasing operations. You can see the complete list of today’s Zacks #1 Rank stocks here.
For third-quarter and full-year 2023, GATX’s earnings are expected to register 36.6% and 14.3% growth, respectively, on a year-over-year basis.
Ryder, which currently carries a Zacks Rank #2, is benefiting from its consistent efforts to reward shareholders through dividends and share repurchases.
Despite weak market conditions, Ryder reported better-than-expected earnings in second-quarter 2023. In fact, the company has an impressive earnings surprise history. R has surpassed the Zacks Consensus Estimate in three of the last four quarters (missing the mark once), the average beat being 11.2%.