United Parcel Service (NYSE:UPS) reported first quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.39 on revenue of $17.16B. Analysts polled by anticipated EPS of $1.42 on revenue of $17.77B. That compared to EPS of $1.55 on revenue of $16.87B in the same period a year earlier. The company had reported EPS of $1.94 on revenue of $19.96B in the previous quarter.
United Parcel Service follows other major Transportation sector earnings this month
On April 18, Union Pacific reported first quarter EPS of $1.93 on revenue of $5.38B, compared to forecasts of EPS of $1.88 on revenue of $5.49B.
CSX earnings Beat analysts' expectations on April 16, with first quarter EPS of $1.02 on revenue of $3.01B. analysts expected EPS of $0.91 on revenue of $3B
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