Investing.com - Global shipping giant UPS reported better-than-expected first-quarter earnings as strong e-commerce business boosted results, it said on Thursday.
Earlier in the day, in its first quarter earnings report, UPS said adjusted earnings per share came in at USD1.04, above expectations for USD1.01 per share.
The company’s first quarter revenue totaled USD13.4 billion, slightly missing expectations for revenue of USD13.46 billion.
UPS reaffirmed its full-year earnings outlook, expecting 2013 earnings in the range of USD4.80 to USD5.06 a share.
The outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.3% at the open, S&P 500 futures pointed to a rise of 0.4% and Nasdaq 100 futures indicated an increase of 0.5%.
Earlier in the day, in its first quarter earnings report, UPS said adjusted earnings per share came in at USD1.04, above expectations for USD1.01 per share.
The company’s first quarter revenue totaled USD13.4 billion, slightly missing expectations for revenue of USD13.46 billion.
UPS reaffirmed its full-year earnings outlook, expecting 2013 earnings in the range of USD4.80 to USD5.06 a share.
The outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.3% at the open, S&P 500 futures pointed to a rise of 0.4% and Nasdaq 100 futures indicated an increase of 0.5%.