UPS reports EPS in-line, beats on revs; raises low end of FY17 EPS, in-line
- Reports Q3 (Sep) earnings of $1.45 per share, in-line with the Capital IQ Consensus of $1.45; revenues rose 7.0% year/year to $15.98 bln vs the $15.62 bln Capital IQ Consensus on Balanced Shipment Growth and Yield Expansion International Operating Profit Climbs 8.9%; Currency-Neutral Profit up 20%.
- Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth
- U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields
- U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact
- Supply Chain & Freight Boosts Revenue more than 13%; Profits up 9.7%.
- Co issues in-line guidance for FY17, raises EPS to $5.85-6.10 vs. $6.01 Capital IQ Consensus Estimate. Momentum in the business will continue, led by the International segment. Focus remains on delivering a successful peak season for customers and investors.