UPS: strong quarter











Photo credit © Reuters


(Boursier.com) — Against the tide, UPS climbs Wall Street. The US parcel delivery giant beat analysts’ forecasts in the first quarter, taking advantage of buoyant e-commerce to raise prices and offset rising costs. Over the period, the firm recorded a fair EPS of $3.05 against $2.77 a year earlier and $2.88 consensus. Turnover increased by 6.4% to $24.38 billion. Management confirmed that it is aiming for annual revenues of $102 billion and a share buyback program of $2 billion.


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