Company News: UPS (UPS) quarterly earnings miss analysts’ expectations

Market news

28 April 2020

Company News: UPS (UPS) quarterly earnings miss analysts’ expectations

UPS (UPS) reported Q1 FY 2020 earnings of $1.15 per share (versus $1.39 per share in Q1 FY 2019), missing analysts' consensus estimate of $1.23 per share.

The company's quarterly revenues amounted to $18.035 bln (+5.1% y/y), beating analysts' consensus estimate of $17.174 bln.

The company withdrew its FY 2020 guidance.

UPS fell to $ 98.98 (-3.48%) in pre-market trading.

S&P 500: Peak at the 61.8% retracement of the Q1 collapse at 2934 – Credit Suisse

Oil: Brent to hold above 15.98 – Commerzbank

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