Market Overview

United Parcel Service: Q2 Earnings Insights

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Shares of United Parcel Service (NYSE:UPS) moved higher by 10% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 8.67% over the past year to $2.13, which beat the estimate of $1.07.

Revenue of $20,459,000,000 higher by 13.36% from the same period last year, which beat the estimate of $17,480,000,000.

Guidance

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

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

Details Of The Call

Date: Jul 30, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/szcmyd5p

Price Action

Company's 52-week high was at $125.31

Company's 52-week low was at $82.00

Price action over last quarter: Up 43.34%

Company Profile

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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Posted-In: Earnings News