UPS electric vehicle delivery van on 13th September 2023 in Cirencester, United Kingdom.Â
Mike Kemp | In Pictures | Getty Images
United Parcel Service on Tuesday posted second-quarter earnings results that beat Wall Street expectations and raised its full-year outlook.
Shares of the delivery giant rose slightly in premarket trading.
Here’s how the company performed in its second quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.76 adjusted vs. $1.66 expected
- Revenue: $22.8 billion vs. $21.81 billion expected
For the quarter ended June 30, UPS reported net income of $604 million, or 71 cents per share, down significantly from $1.28 billion, or $1.51 per share, in the year-ago period. Adjusting for one-time items, the company reported a profit of $1.5 billion, or $1.76 per share.
Tune in at 10 a.m. ET as UPS CEO Carol Tomé joins CNBC TV to discuss earnings. Watch in real…
