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
The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several... Flying is the passion for British aviatrix Tracey Curtis Taylor, and she is now on a solo flight to cross three continents and 23 countries in her own vintage open cockpit biplane. She has already crossed half of her journey from U.K. to Australia with a target to cover 13 thousand miles. Sony Computer Entertainment Inc. Wednesday revealed that its popular PlayStation4 computer entertainment system has achieved total sales of more than 30.2 million units worldwide in a period of two years. The PS4 system is currently available in 124 countries.
comments powered by Disqus
Trade UPS now with 
Follow RTT