Why United Parcel Service Stock Is Up Today
United Parcel Service (NYSE: UPS) blew past estimates with its first-quarter results, and the stock is surging 10% higher as a result. The gains appear sustainable, meaning there is a lot to like about UPS from here.
On Tuesday UPS reported first-quarter adjusted earnings of $2.77 per share on revenue of $22.9 billion, easily outpacing analyst expectations for $1.72 per share in earnings on sales of $20.5 billion. The company is seeing strong revenue growth across all segments and improving pricing power, leading to the beat.
Image source: United Parcel Service.
Source Fool.com
