United Parcel Service (NYSE: UPS) posted first-quarter profits and sales that were above analysts’ projections on Tuesday.
United Parcel Service reported a $3.05 profit per share on $24.38 billion in sales. Investing.com talked to a lot of people who thought the company would make $2.89 a share on sales of $23.82 billion.
United Parcel Service shares are down 23% year to date but remain down 18.86% from their 52-week high of $233.72, set on February 1. They trail the STOXX 600, which is down 7.89% year to date.
United Parcel Service’s results this month are comparable to those of other large industrial sector companies.
United Parcel Service’s earnings announcement comes on the heels of Union Pacific’s earnings beat on Thursday, when the company announced profits per share of $2.57 on sales of $5.86 billion, compared to forecasted earnings per share of $2.56 on revenue of $5.71 billion.
Lockheed Martin surpassed forecasts on April 19, reporting first-quarter earnings per share of $6.44 on sales of $14.96 billion, vs a projection of $6.21 on revenue of $15.58 billion.
