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UPS: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

ATLANTA (AP) _ United Parcel Service Inc. (UPS) on Tuesday reported first-quarter profit of $965 million.

On a per-share basis, the Atlanta-based company said it had profit of $1.11. Earnings, adjusted for non-recurring costs, were $1.15 per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The package delivery service posted revenue of $18.04 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $17.42 billion.

UPS shares have declined 12% since the beginning of the year, while the Standard & Poor's 500 index has decreased 11%. The stock has declined slightly more than 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS