SANDY SPRINGS (dpa-AFX) - United Parcel Service (UPS) released earnings for its first quarter that increased compared to the same period last year.
The company said its bottom line rose to $1.13 billion, or $1.27 per share. This was higher than $1.03 billion, or $1.12 per share, in last year's first quarter.
Analysts had expected the company to earn $1.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 3.1% to $14.42 billion. This was up from $13.98 billion last year.
United Parcel Service earnings at a glance:
-Earnings (Q1): $1.13 Bln. vs. $1.03 Bln. last year. -Earnings Growth (Y-o-Y): 9.7% -EPS (Q1): $1.27 vs. $1.12 last year. -EPS Growth (Y-o-Y): 13.4% -Analysts Estimate: $1.22 -Revenue (Q1): $14.42 Bln vs. $13.98 Bln last year. -Revenue Change (Y-o-Y): 3.1%
-Guidance: Full year EPS guidance: $5.70 - $5.90
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