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.


Latest News

Although Scientists say GMOs are Safe to Eat But it is Not Easy to Convince Ever
Central States Pension Fund has No New Recovery Plan Seeks Legislation to Protec
Does Fewer Opioid Prescriptions in the U.S Reflect a Curb in the Wave of Addicti
Japan’s Exports Drop further in April adding to a Gloomy Outlook
The Long Drawn Battle for Control Over Sumner Redstone’s Trust Takes New Turn
April Payrolls Reflect Significant Increases in Eleven US States
Bids for Yahoo may Not Match Earlier Expectations
Tribune Publishing and Garnet Company Carry on with Takeover Battle
Oregon Governor asks glass firm to halt production amid pollution concerns
G7 finance ministers to meet on Friday
Bayer AG makes unsolicited offer for Monsanto