UPS's stock jumps toward a three-month high after earnings beat expectations, with revenue topping forecasts for the first time in nine quarters.
UPS reports third-quarter earnings of $1.76 a share, beating Wall Street estimates of $1.63.
United Parcel Service reported a rise in third-quarter profit on Thursday, as rebounding volumes ahead of the holiday season lifted revenues, while cost cuts helped offset the margin hit from consumers shifting to cheaper delivery options.
NEW YORK, NY / ACCESSWIRE / October 23, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against United Parcel Service, Inc. ("UPS" or the "Company") (NYSE:UPS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In UPS To Contact Him Directly To Discuss Their Options NEW YORK CITY, NY / ACCESSWIRE / October 22, 2024 / If you suffered losses exceeding $100,000 in UPS between January 30, 2024 to July 22, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against United Parcel Service, Inc. ("UPS" or the "Company") (NYSE:UPS) and reminds investors of the December 9, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
United Parcel Service (UPS) will report third-quarter earnings before the market opens Thursday, and analysts are expecting year-over-year growth on the top and bottom lines.
Is the courier services giant still a reliable blue-chip investment?
United Parcel Service, Inc. is expected to release Q3 earnings on October 24, with a key focus on volume mix and impact from recent port strikes. Q2 results were disappointing with revenue and EPS misses; Q3 revenue and EPS are expected to show modest y/y growth. UPS stock has a history of post-earnings declines; caution is advised, especially given its track record of missing revenue estimates.
UPS shares took a hit on Monday after a Wall Street analyst made a rare call to sell, citing near-term concerns over what weak parcel demand will mean for its earnings.
Besides Wall Street's top -and-bottom-line estimates for UPS (UPS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.