UPDATE 1-UPS tops expectations in holiday quarter [Reuters]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Reuters
UPS tops expectations in holiday quarter | Reuters 2 Min Read (Reuters) - United Parcel Service Inc reported a better-than-expected quarterly profit, as the company benefited from record volumes during the crucial holiday season. Shares of the world’s biggest package delivery company rose nearly 6 percent to $107.06 in early trading. The company successfully executed “transformation investments and initiatives that lifted revenue quality and improved efficiency,” Chief Executive Officer David Abney said in a statement. UPS results comes just a month after rival FedEx Corp slashed its forecast for fiscal 2019 ending May, citing a global trade slowdown. “Our broad portfolio, diverse revenue base and flexible network help buffer the impacts of global economic softening,” Abney added. The company said it expects 2019 earnings per share between $7.45 and $7.75, which is largely below analysts’ average estimate of $7.69 per share, according to IBES data from Refinitiv. Net income fell to $4
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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