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

Latest Funding Value Snapchat at $10 billion
American Airlines Pulls Listing and Fares from Orbitz Due to Unsuccessful Effort
Is Burger King’s Deal with Tim Hortons Going to Affect Its Popularity?
Fans Show Twitch’s $970 Million Acquisition is Worth It
Ann Taylor (ANN) Shares Increase as Activist and Investors Put Pressure for Sale
Though The Market Basket Employees are Disappointed But They are not Giving up P
CME Group Faces Technical Glitch that Halts Trading for Four Hours
Survey Shows Lesser Number of Economists Believe US Monetary Policy to be on Rig
Burger King in Discussion with Canada's Tim Hortons for a Merger
Ackman and Valeant call for special meeting of Allergan shareholders
Home Depot to Bid Farewell to Blake as   CEO But He Continues to Stay As Chairma
UPS Store Data Breach: About 100,000 or More Customers Could Have Been Affected