An independent contractor driver wears a protective mask while driving a van to deliver N95 respiratory masks outside a United Parcel Service Inc. ground sorting facility. (UPS) in Louisville, Kentucky, USA, on Monday, April 13, 2020.
Luke Sharrett | Bloomberg | Getty Images
Shares of UPS were up about 4% in premarket trading on Tuesday after the company reported better-than-expected earnings and profits during the busy Christmas shopping season following a boom in online shopping following the Covid-19 pandemic.
Here’s how UPS fared during the fourth quarter ended December 31 compared to what investors expected, based on estimates compiled by Refinitiv:
- Adjusted EPS: $ 2.66 per share vs. $ 2.14 expected.
- Revenue: $ 24.9 billion vs. $ 22.87 billion expected.
UPS has not provided any prospects for its future earnings due to the ongoing uncertainty surrounding the pandemic.
“Our fourth quarter financial performance exceeded our expectations and I thank all the UPS people for their extraordinary efforts to provide the best service during the holiday season.” CEO Carol Tomé said in the income statement.
This is a story in progress. Check back later for updates.