UPS Beats Profit Estimates on Higher-Paying Customers-To The Moon - Tiger Brokers Online Investing Community - To The Moon

31
Comment
Favorite

UPS Beats Profit Estimates on Higher-Paying Customers

Reuters2022-07-26

(Reuters) - United Parcel Service Inc on Tuesday reported a better-than-expected quarterly profit as the largest U.S. parcel carrier focused on more lucrative shipments to offset cooling e-commerce delivery growth.

As domestic deliveries started to recede, delivery firms such as UPS and FedEx Corp (FDX.N) pivoted to higher-paying small businesses and enterprise customers to drive volumes and earnings.

Since taking charge of UPS in June 2020, Chief Executive Officer Carol Tome has pushed the company to adopt a "better, not bigger" strategy, which prioritizes lucrative deliveries over volume.

E-commerce shipments fell from pandemic highs as COVID safety protocols lifted and shoppers reprioritized spending due to higher rent, food and fuel costs.

The company reaffirmed its full-year outlook.

Atlanta-based UPS posted second-quarter adjusted earnings of $3.29 per share, ahead of analysts' estimate of $3.16, according to Refinitiv data.

Revenue rose 5.7% to $24.76 billion, beating estimates of $24.63 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

31

Report

Comment

Mindthink
·2022-07-26
Ok
Reply
Like
Report

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1123798845?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-26 18:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123798845","market":"us","top_or_hot":-1,"title":"UPS Beats Profit Estimates on Higher-Paying Customers","media":"Reuters","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc </a> on Tuesday reported a better-than-expected quarterly profit as the largest U.S. parcel carrier focused on more lucrative shipments to offset cooling e-commerce delivery growth.</p><p>As domestic deliveries started to recede, delivery firms such as UPS and FedEx Corp (FDX.N) pivoted to higher-paying small businesses and enterprise customers to drive volumes and earnings.</p><p>Since taking charge of UPS in June 2020, Chief Executive Officer Carol Tome has pushed the company to adopt a &#34;better, not bigger&#34; strategy, which prioritizes lucrative deliveries over volume.</p><p>E-commerce shipments fell from pandemic highs as COVID safety protocols lifted and shoppers reprioritized spending due to higher rent, food and fuel costs.</p><p>The company reaffirmed its full-year outlook.</p><p>Atlanta-based UPS posted second-quarter adjusted earnings of $3.29 per share, ahead of analysts&#39; estimate of $3.16, according to Refinitiv data.</p><p>Revenue rose 5.7% to $24.76 billion, beating estimates of $24.63 billion.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPS Beats Profit Estimates on Higher-Paying Customers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPS Beats Profit Estimates on Higher-Paying Customers\n</h2>\n\n<h4 class=\"meta\">\n\n2022-07-26 18:05 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - United Parcel Service Inc  on Tuesday reported a better-than-expected quarterly profit as the largest U.S. parcel carrier focused on more lucrative shipments to offset cooling e-commerce ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UPS","symbol_name":"联合包裹","start_time":0,"source_url":"","article_id":"1123798845","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123798845","pubTimestamp":1658829934,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(Reuters) - United Parcel Service Inc  on Tuesday reported a better-than-expected quarterly profit a","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UPS":"联合包裹"},"translate_title":"UPS超出高薪客户利润预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPS":0.9},"content_text":"(Reuters) - United Parcel Service Inc  on Tuesday reported a better-than-expected quarterly profit as the largest U.S. parcel carrier focused on more lucrative shipments to offset cooling e-commerce delivery growth.As domestic deliveries started to recede, delivery firms such as UPS and FedEx Corp (FDX.N) pivoted to higher-paying small businesses and enterprise customers to drive volumes and earnings.Since taking charge of UPS in June 2020, Chief Executive Officer Carol Tome has pushed the company to adopt a \"better, not bigger\" strategy, which prioritizes lucrative deliveries over volume.E-commerce shipments fell from pandemic highs as COVID safety protocols lifted and shoppers reprioritized spending due to higher rent, food and fuel costs.The company reaffirmed its full-year outlook.Atlanta-based UPS posted second-quarter adjusted earnings of $3.29 per share, ahead of analysts' estimate of $3.16, according to Refinitiv data.Revenue rose 5.7% to $24.76 billion, beating estimates of $24.63 billion.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9909118656,"gmtCreate":1658830297875,"gmtModify":1676536213892,"author":{"id":"4102837759709900","authorId":"4102837759709900","name":"Mindthink","avatar":"https://community-static.tradeup.com/news/89b965229f7209196369426d161728ee","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909118656","repostId":1123798845,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}