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The Latest UPS Headlines
UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring.
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<blockquote data-quote="cheryl" data-source="post: 4844011" data-attributes="member: 1"><p><strong>UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring. - Barron's</strong></p><p></p><p>Shipping companies were a big <a href="https://www.barrons.com/articles/ups-fedex-stock-usps-holiday-returns-51610750058?mod=article_inline" target="_blank">lockdown winners</a> in 2020. Now investors are learning that they are reopening plays as well.</p><p> </p><p>United Parcel Service blew past expectations for its earnings on Tuesday morning. Profits <a href="http://www.investors.ups.com/news-releases/news-release-details/ups-releases-1q-2021-earnings" target="_blank">came in at</a> $2.77 a share from $22.7 billion in sales. Wall Street was only looking for $1.72 in per-share earnings from $20.6 billion in sales.</p><p> </p><p>Sales in all segments were way higher than in the first quarter of 2020. Prices rose more than 10% and total operating profits increased 164% year over year.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4844011, member: 1"] [B]UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring. - Barron's[/B] Shipping companies were a big [URL='https://www.barrons.com/articles/ups-fedex-stock-usps-holiday-returns-51610750058?mod=article_inline']lockdown winners[/URL] in 2020. Now investors are learning that they are reopening plays as well. United Parcel Service blew past expectations for its earnings on Tuesday morning. Profits [URL='http://www.investors.ups.com/news-releases/news-release-details/ups-releases-1q-2021-earnings']came in at[/URL] $2.77 a share from $22.7 billion in sales. Wall Street was only looking for $1.72 in per-share earnings from $20.6 billion in sales. Sales in all segments were way higher than in the first quarter of 2020. Prices rose more than 10% and total operating profits increased 164% year over year. [/QUOTE]
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UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring.
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