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UPS Report In Line With Expectations; Guidance Narrows

by The "State" Team

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Earnings Update: United Parcel Service

Economic bellwether United Parcel Service (UPS) reported Q3 earnings per share of $1.06 which was in line with the consensus estimate of $1.06.

On the revenue side, the company also was light on top line growth. UPS produced revenues for the quarter of $13.07 billion, which was below of the consensus estimate of $13.23 billion.

In addition, the company narrowed its full year EPS estimates to a range of $4.50- $4.56 versus the prior range of $4.50 - $4.70 and the consensus of $4.56.

UPS stock last traded in the after-hours session at $75.05, up from the closing price of $71.56.

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  United Parcel Service Last 12 Months
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