International Profit Bounce Propels UPS (UPS) to Solid Q3 Results
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Price: $110.66 +1.02%
Revenue Growth %: +2.3%
Financial Fact:
Investment income (loss): 13M
Today's EPS Names:
CRMT, More
Revenue Growth %: +2.3%
Financial Fact:
Investment income (loss): 13M
Today's EPS Names:
CRMT, More
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United Parcel Service (NYSE: UPS) shares are ticking higher Tuesday following strong third-quarter results and outlook issued earlier.
Revs slipped modestly from $13.17 billion last year to $13.07 billion in the most recent quarter. Operating profit dropped 54 percent to $770 million, or 48 cents per share. After adjusting for a one-time pension restructuring, profit was nearly flat at $1.66 billion, or $1.06 per share.
Consensus estimates had revs of $13.3 billion and EPS at $1.06.
Shipment volume improved 2.7 percent to 15.5 million parcels per day (PPD).
Notably, while Domestic revs improved, international turnover fell $120 million. Despite lower revs, International operating profit recorded a $32 million pop in profits.
UPS narrowed expectations for the duration of FY12, moving EPS from a range of $4.50 to $4.70 to a new range of $4.55 to $4.65.
Revs slipped modestly from $13.17 billion last year to $13.07 billion in the most recent quarter. Operating profit dropped 54 percent to $770 million, or 48 cents per share. After adjusting for a one-time pension restructuring, profit was nearly flat at $1.66 billion, or $1.06 per share.
Consensus estimates had revs of $13.3 billion and EPS at $1.06.
Shipment volume improved 2.7 percent to 15.5 million parcels per day (PPD).
Notably, while Domestic revs improved, international turnover fell $120 million. Despite lower revs, International operating profit recorded a $32 million pop in profits.
UPS narrowed expectations for the duration of FY12, moving EPS from a range of $4.50 to $4.70 to a new range of $4.55 to $4.65.
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