Why UPS Stock Is Up Today
United Parcel Service (NYSE: UPS) delivered quarterly revenue and profit growth for the first time in about a year and a half, and investors are cheering the news. Shares of UPS opened up 10% on Thursday and traded up 6% as of 10 a.m. ET.
It has been a difficult period for shipping companies. Large customers have cut back on orders due to economic uncertainty, creating a weak pricing environment. UPS has faced these sector headwinds while also dealing with a new labor deal that boosted costs.
The company earned $1.76 per share in the quarter on revenue of $22.2 billion, beating Wall Street's consensus estimate for earnings of $1.63 per share on sales of $22.1 billion. Revenue was up 5.8% year over year on strong average daily volume.
Source Fool.com
United Parcel Service Inc. Aktie
Die United Parcel Service Inc. Aktie genießt hohe Beliebtheit: Mehr Buy- (27) als Sell-Einschätzungen (4).
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