United Parcel Service, Inc. UPS shares are trading higher by 3.44% to $182.99 Tuesday morning after the company reported better-than-expected fourth-quarter EPS, raised its dividend and announced a $5 billion repurchase program.
Additionally, FedEx Corp FDX shares are trading higher by 2.50% to $188.68 during Tuesday's session in sympathy with UPS.
What Happened With UPS?
United Parcel Service reported quarterly earnings of $3.62 per share which beat the analyst consensus estimate of $3.59. The company also reported quarterly sales of $27.03 billion which missed the analyst consensus estimate of $28.09 billion by 3.8%. This is however a 2.7% decrease over sales of $27.77 billion in the same period last year.
UPS says U.S. Domestic Segment revenue increased by 3.1% Y/Y to $18.25 billion, driven by a 7.2% increase in revenue per piece. The adjusted operating margin was 12.8%.
International Segment revenue decreased by 8.3% Y/Y to $4.95 billion, driven by an 8.6% decline in average daily volume due to lower domestic volume and softness in China trade lanes. The adjusted operating margin was 22%...Read More
According to data from Benzinga Pro:
- UPS has a 52-week high of $233.72 and a 52-week low of $154.87.
- FDX has a 52-week high of $256.49 and a 52-week low of $141.92.
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