United Parcel Service Q2 Adj. EPS $2.54 Beats $2.50 Estimate, Sales $22.10B Miss $23.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Parcel Service (UPS) reported Q2 earnings of $2.54 per share, beating the analyst consensus estimate of $2.50 by 1.6%. However, this is a 22.8% decrease from the same period last year. The company's quarterly sales were $22.10 billion, missing the analyst consensus estimate of $23.11 billion by 4.37%, and marking a 10.76% decrease from the same period last year.
August 08, 2023 | 10:00 am
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UPS's Q2 earnings beat estimates but were down YoY. Sales missed estimates and were also down YoY.
UPS's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, are negative indicators. This could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100