UPS Down 2.3% Pre-Market After Reporting Q1 Earnings

United Parcel Service

is trading lower pre-market following its Q1 earnings announcement. The company reported an EPS of $1.00, which may not be comparable to $1.02 Est and revenues $13.14 billion vs $13.26 billion estimate. Scott Davis, UPS chairman and CEO “These results demonstrate that UPS is providing its customers with the solutions needed for today's ever-changing market conditions. We will continue to invest and develop innovative services that facilitate global commerce, ensuring UPS's long-term success.” UPS is currently trading at $77.85, down $1.80 or 2.26%.