Profit-Boosting UPS Shocks Analysts with Surprising First-Quarter Results
Los Angeles, California – United Parcel Service (UPS) announced a stronger-than-expected quarterly profit amidst challenges in the delivery services sector. The company’s first-quarter adjusted profit came in at $1.43 per share, a decrease of 35% from the previous year but surpassing analysts’ estimates of $1.29 per share. Revenue reached $21.7 billion, slightly below analysts’ target of $21.9 billion. Despite a 3.2% decline in average daily volumes in its U.S. operations and a 5.8% drop in …