11:33 am UPS (UPS)
Parcel delivery service UPS (UPS) is trading up by 1% today after reporting Q3 results this morning. EPS grew by 14% YoY to $1.32 while revenue rose 5.7% YoY to $14.29 bln. Both results were better than expectations. The company also reaffirmed EPS guidance for the full year at $4.90-5.00.
Breaking down the numbers a bit, daily packages in the US were 6.9% higher as demand from both B2C and B2B customers improved. International Export shipments increased 9.4% with strong growth in both Asia and Europe. UPS delivered 1.1 billion packages around the world, …More