Categories AlphaGraphs, Earnings, Industrials
A visual dashboard of United Parcel Service (UPS) Q1 2020 earnings results
United Parcel Service’s (NYSE: UPS) bottom line for the first quarter of 2020 missed the market’s estimates, while the top line exceeded targets. UPS reported adjusted earnings of $1.15 per share on revenue of $18.04 billion compared to the analysts’ projected EPS of $1.23 and revenue of $17.21 billion. The company withdrew its previously issued 2020 revenue and EPS guidance as a result of the coronavirus pandemic impact.
UPS suspended its share buybacks for 2020, reducing its planned full-year repurchase target by approximately $783 million. The company paid the regular quarterly dividend of $1.01 per share to all outstanding Class A and Class B shareholders on March 10, 2020, to shareowners of record as of February 25, 2020.
On March 12, UPS named Carol Tome (the former CFO of The Home Depot and the board member of UPS) as CEO of the company effective June 1, 2020. Current CEO David Abney will become Executive Chairman of the Board with effect from June 1, 2020.
UPS stock, which plunged to a 52-week low ($17.80) last month, was trading up about 2% in the pre-market trading hours.
Most Popular
IPO Alert: Here’s what to look for when CaliberCos goes public
The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is
CarMax (KMX) Stock: Does the current dip offer a buying opportunity?
The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with
Ultimax Digital gears up for $10mln IPO. Here’s all you need to know
The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax
