UPS beats Wall Street estimates on top and bottom lines
UPS reported first-quarter earnings that exceeded Wall Street expectations on both revenue and adjusted earnings per share, despite year-over-year declines in net income and total revenue. The company reaffirmed its full-year 2026 financial outlook and highlighted progress in cost savings from its network efficiency initiatives. CEO Carol Tomé stated that UPS expects to return to revenue and profit growth in the second quarter. Shares fell approximately 3% following the announcement.
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United Parcel Service on Tuesday posted first-quarter earnings results that beat on the top and bottom lines.Shares of the delivery giant sank roughly 3% in midday trading.Here's how the company performed in its first quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.07 adjusted vs. $1.02 expectedRevenue: $21.2 billion vs. $20.99 billion expectedFor the quarter ended March 31, UPS reported net income of $864 million, or $1.02 per share, compared with $1.19 billion, or $1.40 per share, a year prior. Adjusting for one-time items, the company reported a profit of $906 million, or $1.07 per share.
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