UPS (UPS) Tops Q2 EPS by 8c; Updates FY15 EPS Outlook
Get Alerts UPS Hot Sheet
EPS Growth %: -40.0%
Financial Fact:
Income Before Income Taxes: 1.95B
Today's EPS Names:
CPSS, HARL, MCET, More
Join SI Premium – FREE
UPS (NYSE: UPS) reported Q2 EPS of $1.35, $0.08 better than the analyst estimate of $1.27. Revenue for the quarter came in at $14.1 billion versus the consensus estimate of $14.51 billion.
Currency exchange rates and lower fuel surcharges reduced total reported revenue growth. Total revenue declined 1.2% from the same quarter last year to $14.1 billion. Pricing initiatives continue to drive base rates higher.
"During the quarter, UPS continued to invest for the future by expanding capacity and launching new capabilities that provide higher value to customers," said David Abney, UPS chief executive officer. "The strong momentum in our International segment is expected to continue and gives us confidence in achieving the upper end of our guidance range."
On a reported basis, operating profit increased $1.2 billion, and diluted earnings per share was up $0.86. In the second quarter of 2014, UPS reported diluted earnings per share of $0.49, which included a $665 million after-tax charge for the transfer of certain post-retirement liabilities to defined contribution healthcare plans.
Total company shipments increased 2.1% over the second quarter last year to 1.1 billion packages, led by U.S. Deferred Air products and International Export shipments.
UPS sees FY2015 EPS of $5.05 - $5.30, versus the consensus of $5.19.
For earnings history and earnings-related data on UPS (UPS) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Equifax (EFX) shares tumble as Q2, full-year guidance falls short
- Crown Castle (CCI) Tops Q1 EPS by 1c; maintains outlook for FY24
- Abbott (ABT) Tops Q1 EPS by 2c, Offers Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!