A driver of an independent contractor wears a protective mask while driving a delivery truck to the N95 breathing masks outside a United Parcel Service Inc. ground grading facility. (UPS) in Louisville, Kentucky, USA, on Monday, April 13, 2020.
Luke Sharrett | Bloomberg | Getty Images
UPS shares rose about 4% in trading before trading on Tuesday after the company reported better-than-expected revenue and earnings during the busy holiday shopping season, reflecting a rise in online shopping due to the Covid-19 pandemic.
Below is how UPS performed during the fourth quarter ended Dec. 31 compared to what investors expected, according to estimates compiled by Refinitiv:
- Adjusted EPS: $ 2.66 per share versus $ 2.14 expected.
- Revenue: $ 24.9 billion vs. $ 22.877 billion expected.
UPS did not provide a perspective on its future benefits due to the continuing uncertainty of the pandemic.
“Our financial performance in the fourth quarter exceeded our expectations and I thank all UPSers for their extraordinary effort to deliver industry-leading service over the holidays.” CEO Carol Tomé said in the income statement.
This is a developing story. Please check back later for updates.