Package delivery giant United Parcel Service Inc.'s (UPS) first-quarter net income improved to $970 million or $1.00 per share from $915 million or $0.91 per share last year. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $1.02 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue totaled $13.14 billion, up 4.4% from $12.58 billion in the prior-year quarter, whereas 17 analysts estimated revenues of $13.26 billion for the quarter.
UPS's chief financial officer said, "UPS delivered earnings growth in line with our expectations, driven by the results of the U.S. Domestic and Supply Chain and Freight segments."
Further, the company said it remains confident in its 2012 earnings per share guidance of $4.75 - $5.00, an increase of 9% - 15% over 2011 adjusted results. Analysts project earnings of $4.89 per share for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.