Bad weather and reorganization costs ding UPS earnings [MSN Money]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: MSN Money
Bad weather and reorganization costs ding UPS earnings United Parcel Service's first-quarter financial rults fell short of Wall Street forecasts as the package-delivery company's revue flat-lined Load Error A seri of harsh storms during the quarter cut into revue, while the company ramped up spding on a reorganization program. Profit fell 7% to $. billion, or $.8 per share, during the quarter on nearly flat revue of $7.6 billion. Adjusted profit of $.9 per share was still short of Wall Street forecasts. Analysts polled by FactSet expected $. per share in profit on $7.77 billion in revue. The company has be working to upgrade its network as the growth of online shopping puts more prsure on delivery speeds. Both ground and air shipping volum grew during the quarter, partly on high demand for faster delivery options. But meeting that volume growth com at a cost. UPS is the midst of a "transformation" plan to automate some operations and op new faciliti. That cost it an additional $ milli
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UPS
News
- United Parcel Service: Logistics Leader Still In The Bargain Bin [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $170.00 price target on the stock.MarketBeat
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website