Investing.com - United Parcel Service (NYSE:UPS) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
United Parcel Service announced earnings per share of $1.15 on revenue of $18.04B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $17.34B. That with comparison to EPS of $1.39 on revenue of $17.16B in the same period a year before. United Parcel Service had reported EPS of $2.11 on revenue of $20.57B in the previous quarter. Analysts are expecting EPS of $1.47 and revenue of $16.79B in the upcoming quarter.
United Parcel Service shares are down 12% from the beginning of the year , still down 18.16% from its 52 week high of $125.31 set on November 8, 2019. They are under-performing the S&P 500 which is down 11.29% year to date.
United Parcel Service follows other major Transportation sector earnings this month
United Parcel Service's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
Canadian National Railway had beat expectations on Monday with first quarter EPS of $1.22 on revenue of $3.55B, compared to forecast for EPS of $0.77 on revenue of $3,489M.
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