UPS (UPS) Tops Q1 EPS by 3c

UPS (NYSE: UPS) reported Q1 EPS of $1.12, $0.03 better than the analyst estimate of $1.09. Revenue for the quarter came in at $14 billion versus the consensus estimate of $14.3 billion.

Total company shipments increased 2.8% to 1.1 billion packages, led by European export growth of 9.4%.

"Solid performance across all three business segments was led by positive momentum in International, gains from revenue management and productivity improvements in the U.S.," said Kurt Kuehn, UPS chief financial officer. "We remain on plan to meet our guidance for full-year 2015 diluted earnings per share of $5.05 to $5.30, a 6%-to-12% increase over our 2014 adjusted results."

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