UPS beats by $0.03, reports revs in-line; reaffirms FY17 EPS guidance
- Reports Q1 (Mar) earnings of $1.32 per share, $0.03 better than the Capital IQ Consensus of $1.29; revenues rose 6.2% year/year to $15.31 bln vs the $15.19 bln Capital IQ Consensus.
- The improved per-share result was due to a 22% increase in Supply Chain and Freight segment operating profit, strong underlying performance in the International segment and solid results in the Domestic segment, plus the favorable tax impact of adopting the new stock compensation accounting standard.
- Co reaffirms guidance for FY17, sees EPS of $5.80-6.10, excluding non-recurring items, vs. $5.94 Capital IQ Consensus Estimate