United Parcel Service, Inc. (NYSE: UPS) has reported better-than-expected results for the second quarter of 2022. Its earnings surpassed the consensus estimate by 4.1% and revenues exceeded expectations by 0.5%. Unfortunately, shares of this $164.2-billion package delivery company slipped 1.8% in the pre-market trading session on Tuesday, at the time of writing. This fall could be because of the market’s disappointment over the company's weak volumes in the quarter. Highlights of United Parcel’s Q2 Results United Parcel’s adjusted earnings were $3.29 per share in the quarter, above the street’s estimate of $3.16 per share. On a year-over-year basis, the bottom line expanded 7.5%, driven by solid top-line performance.
https://www.tipranks.com/news/upbeat-results-increased-buyback-plan-fail-to-cheer-ups-stakeholders?utm_source=advfn.com&utm_medium=referral
United Parcel Service (NYSE:UPS)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more United Parcel Service Charts.
United Parcel Service (NYSE:UPS)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more United Parcel Service Charts.