Investing.com - United Parcel Service (NYSE:UPS) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United Parcel Service announced earnings per share of $3.59 on revenue of $27.77B. Analysts polled by Investing.com anticipated EPS of $3.09 on revenue of $27.06B.
United Parcel Service shares are down 5% from the beginning of the year, still down 8.19% from its 52 week high of $220.24 set on October 26, 2021. They are broadly in line with the S&P 500 which is down 5.26% from the start of the year.
United Parcel Service follows other major Industrials sector earnings this month
United Parcel Service's report follows an earnings beat by Union Pacific on January 20, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on January 25 with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.3B.
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