ATLANTA (AP) — A surge in the volume of deliveries that arrived with the start of the pandemic has not eased at UPS, where consolidated average daily volume jumped 14.3% in the first quarter.
The Atlanta company on Tuesday posted earnings of $4.79 billion, or $5.47 per share. Per-share profits with one time gains or losses removed were $2.77 per share, far exceeding Wall Street projections for $1.67, according to survey by Zacks Investment Research.
Revenue was $22.91 billion, also easily beating expectations handily.
Shares, up 75% in the last 12 months, surged 8% before the opening bell.
A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS