UPS (UPS) Reports In-Line Q3 EPS, Offers Guidance

UPS (NYSE: UPS) reported Q3 EPS of $1.82, in-line with the analyst estimate of $1.82. Revenue for the quarter came in at $17.44 billion versus the consensus estimate of $17.49 billion.

GUIDANCE:

UPS sees FY2018 EPS of $7.03-$7.37, versus the consensus of $7.25.

• UPS expects 2018 adjusted, diluted earnings per share in a range of $7.03 to $7.37.
• The company is raising free cash flow guidance to over $5.0 billion in 2018.
• Capital expenditures in 2018 remain planned between $6.5 billion and $7.0 billion.
• As previously guided, UPS expects 4Q18 adjusted EPS to increase about 15 percent, despite anticipated currency headwinds in emerging markets and one less operating day during peak season.
• The effective tax rate should be in a range of 23% to 24% for the fourth quarter.

For earnings history and earnings-related data on UPS (UPS) click here.

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