Sei Investments Co. Raises Position in United Parcel Service, Inc. $UPS
UPS said adjusted operating profit and margins improved as it completed an 18-month Amazon volume reduction and lifted revenue and earnings forecasts.
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Less Amazon, more profit: UPS raises forecast after cutting millions of lower-yield deliveries
A UPS truck makes its way through downtown Seattle. (GeekWire File Photo / Kurt Schlosser) Handling fewer packages for Amazon is boosting the financial outlook for UPS, as CEO Carol Tomé said Tuesday that the delivery giant has successfully completed its planned volume pullback and is pivoting toward higher-margin shipments. “I want to thank all UPSers for their extraordinary work over the past 18 months as we successfully completed our Amazon g…
UPS Reports Quarterly Results As Shipping Demand Remains Uneven
(Atlanta, GA) – UPS is reporting quarterly results as the shipping giant continues to navigate uneven package demand, cost controls and a cautious outlook from customers. The company said second-quarter revenue came in at $22.8 billion, with consolidated operating profit of $930 million and adjusted operating profit of $2.1 billion. Investors are watching for signs that deliveries, e-commerce demand and labor costs are moving in the right direct…
UPS hikes full-year forecasts after Amazon delivery reductions, shares drop on investor skepticism
United Parcel Service lifted annual revenue and profit forecasts above Wall Street estimates on Tuesday as it returned to growth on strong domestic demand after it completed a plan to deliver millions fewer packages for Amazon.com.
Sei Investments Co. Raises Position in United Parcel Service, Inc. $UPS
Sei Investments Co. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 422,499 shares of the transportation company's stock after buying an additional 87,985 sh
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