logo
Share SHARE
FONT-SIZE Plus   Neg

UPS Q1 Profit Climbs; Confirms 2012 EPS View - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Netflix Inc. and movie studio Disney are finally taking their deal that was announced in 2012 to the next level. The online movie rental service will become the exclusive U.S. pay-TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar. Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million. Net... Dollar General Corp. (DG) reported first-quarter net income of $295 million, or $1.03 per share compared to $253 million, or $0.84 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically...
comments powered by Disqus
Follow RTT