UPS had another strong quarter with active shipments to homes, but earnings in homes, the largest market, were a bit weaker than some expected. ..
Stock prices fell about 1% before the opening bell on Tuesday.
Domestic sales in the second quarter were still up 10.2% to $ 14.40 billion, with per unit sales up 13.4%. However, Wall Street forecast domestic sales of $ 14.76 billion. Revenues from international operations surged 30% to $ 4.82 billion, surpassing analysts’ expectations of $ 4.57 billion.
During the three months ended June 30, United Parcel Service Inc. generated $ 2.68 billion, or $ 3.05 per share. Eliminating the one-time costs, revenue was $ 3.06 per share, easily surpassing Wall Street’s $ 2.75 sought.
A year ago, the Atlanta company earned $ 1.77 billion, or $ 2.03 per share.
Overall revenue was $ 23.42 billion, better than expected.
Shipments continue at a blazing pace, with UPS earning $ 2.7 billion in the second quarter
Source link Shipments continue at a blazing pace, with UPS earning $ 2.7 billion in the second quarter