United Parcel Service Earnings, Revenue Beat in Q2
2022.07.26 13:21
United Parcel Service Earnings, Revenue Beat in Q2
Investing.com – United Parcel Service (NYSE:UPS) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
United Parcel Service announced earnings per share of $3.29 on revenue of $24.77B. Analysts polled by Investing.com anticipated EPS of $3.16 on revenue of $24.65B.
United Parcel Service shares are down 12% from the beginning of the year, still down 19.60% from its 52 week high of $233.72 set on February 1. They are outperforming the S&P 500 which is down 16.77% from the start of the year.
United Parcel Service follows other major Industrials sector earnings this month
United Parcel Service’s report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.93 on revenue of $6.27B, compared to forecasts EPS of $2.84 on revenue of $6.12B.
Lockheed Martin had missed expectations on July 19 with second quarter EPS of $1.16 on revenue of $15.45B, compared to forecast for EPS of $1.88 on revenue of $15.98B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
