Shipping Company UPS Inclines Following 1Q Positive Outlook

Shipping Company UPS Inclines Following 1Q Positive Outlook

Due to the optimistic outlook for the year ahead and the hopeful results of first quarter, the shares of UPS Inc. (United Parcel Service Inc.) the largest shipping company inclined in the premarket trading on Thursday.

It was stated that the full year gains were also projected positive because the company is shipping more packages internationally and that per package gains were also rising in the U. S. The shipping company has also predicted that the forwarding and logistics businesses will also witness growth.

It was disclosed by the UPS, late Wednesday that the first quarter per share profit for the company increased 33%. The complete results for the three months performance will be presented by the Atlanta based company on April
27.

As compared to the earlier forecast of $2.70 to $3.05, the company is now hoping for full-year earnings of $3.05 to $3.30 per share.

However according to the analysts' prediction per share earnings were expected to be 57 cents per share averagely, stated Thomson Reuters. According to Edward Jones an analyst opined that results mirror the reviving global economy at its best in Asia and Latin America.

Companies: 
General: 
Business: 

Popular Stories

Erosion of beaches will get worse: researchers warn

Portraying a gloomy picture of the future, the 2015... Read More

Rare rat-linked disease leaves 1 dead, 2 sickened in Bronx

A rare bacterial disease carried by rats has killed... Read More

Try drug-free remedies before resorting to medication for low back pain: ACP

People suffering low back pain should try drug-free... Read More

Pregnant inmate forced to deliver baby on jail cell floor

A Detroit-area sheriff has defended his staff over... Read More

Marathon Pharma to sell decades-old drug to treat DMD for $89,000

Marathon Pharmaceuticals will reportedly market... Read More