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Recap: United Parcel Service Q3 Earnings

Benzinga Insights
·1 min read

 

Shares of United Parcel Service (NYSE:UPS) rose 1.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 10.14% year over year to $2.28, which beat the estimate of $1.86.

Revenue of $21,238,000,000 higher by 15.94% year over year, which beat the estimate of $20,130,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 28, 2020

View more earnings on UPS

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/o9qzm3mc

Technicals

52-week high: $178.01

Company's 52-week low was at $82.00

Price action over last quarter: Up 21.88%

Company Description

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate 61% of total revenue while international package makes up 20%. Less-than-truckload shipping, air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remaining 19%.

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