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00:02United Parcel Service reported first quarter earnings that exceeded both revenue and profit
00:07expectations, according to CNBC. Adjusted earnings per share of $1.07 and revenue of $21.2
00:14billion, both exceeded expectations of $1.02 per share and $20.99 billion. UPS reported net
00:21income of $864 million, or $1.02 per share, for the quarter ended March 31st down from $1.19
00:29billion, or $1.40 per share a year earlier. Adjusted for one-time items, profit was $906
00:37million, or $1.07 per share. UPS reaffirmed its full-year 2026 outlook of $89.7 billion in
00:46revenue and a 9.6% non-GUDAP adjusted operating margin. UPS said it is advancing a turnaround
00:53plan and automation efforts, achieving $600 million in cost savings in the first quarter
00:57and targeting $3 billion in year-over-year savings in 2026. Shares slumped about 3% in Tuesday's
01:04pre-market trading.
01:05For all things money, visit Benzinga.com.
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