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United Parcel Service (UPS) Reports In-Line Q2 Earnings
United Parcel Service, Inc. (UPS - Free Report) is a leading provider of transportation, logistics, and financial services across the globe. The Atlanta based company offers a range of supply chain solutions.
Last quarter, UPS reported a positive earnings surprise of 4.10%. The company has a decent track record with respect to earnings, having delivered higher-than-expected earnings in each of the last four quarters. The four-quarter average earnings beat is pegged at 6.01%.
Zacks Rank: Currently, United Parcel has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: United Parcel reported earnings of $1.43 per share, in line with the Zacks Consensus Estimate. Earnings increased 6% on a year over year basis.
UTD PARCEL SRVC Price and EPS Surprise
UTD PARCEL SRVC Price and EPS Surprise | UTD PARCEL SRVC Quote
Revenue: Revenues improved 3.8% over the year-ago quarter to $14.63 billion, edging past the Zacks Consensus Estimate of $14.61 billion. Foreign currency movements and lower fuel surcharges negatively impacted sales in the quarter.
Key Stats to Note: The package delivery company still expects 2016 adjusted earnings per share in the band of $5.70 to $5.90. The projection reflects 5% to 9% growth over the comparable 2015 figure. The Zacks Consensus Estimate for 2016 currently stands at $5.79 per share, well within the company’s guidance range.
Check back later for our full write up on this United Parcel Service earnings report later!
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