UPS Stock Surges On Q3 Earnings Beat, Repeats 2022 Profit Forecast Golie Mark

Updated at 7:29 am EST

United Parcel Service  (UPS)  posted stronger-than-expected second earnings Tuesday, while repeating its full-year profit guidance, thanks to solid gains in the group’s domestic business that offset weakness in supply chain sales.

UPS said earnings for the three months ending in September were pegged at $2.96 per share, up 9.2% from the same period last year and firmly ahead of the Street consensus forecast of $2.84 per share. Group revenues, the company said, rose 4.4% to $24.2 billion, just shy of analysts’ estimates of a $24.32 billion tally.

Source link

What do you think?

Written by moz

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Rishi Sunak Becomes U.K.’s First British Asian Prime Minister Golie Mark

General Motors Stock Leaps After Q3 Earnings Beat, Record Sales Golie Mark