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-0.000101030511214438 0 -0.00282885431400284 -0.00313194584764601 -0.00131339664578698 -0.00990099009900994 -0.00424328147100426 -0.00641543746211361
Stock impact report

UPS stock falls after profit miss, but revenue rises above forecasts [MarketWatch]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: MarketWatch
Shares of United Parcel Service Inc. dropped 2.5% in premarket trading Tuesday, after the package delivery giant reported first-quarter profit that fell below expectations although revenue beat, and said it is unable to provide financial guidance given uncertainties over the impact of the COVID-19 pandemic. Net income fell to $965 million, or $1.11 a share, from $1.11 billion, or $1.28 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share fell to $1.15 from $1.39, below the FactSet consensus of $1.24. Revenue rose 5.1% to $18.04 billion, above the FactSet consensus of $17.27 billion, as domestic revenue rose 9.3% while international revenue fell 2.2%. UPS said it experienced "significant headwinds" from the impact of the coronavirus pandemic on its customers, coupled with higher self-insurance accruals. While UPS didn't provide full-year financial guidance, it said it expects 2010 capital expenditures to be $1 billion less then previous estimates, Show less Read more
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