SA: UPS lower after operating income falls short

© Khunaspix Dreamstime.

SEEKING ALPHA reports:

UPS (NYSE:UPS) says revenue increased 9.3% in Q1 and average daily volume was up 8.5%, with growth across all products.

The company says commercial deliveries declined during the quarter, while residential deliveries were elevated. Revenue per piece decreased less than 1% due to changes in customer and product mix.

The quarter saw automated hubs and other transformation investments generate efficiency gains, however those benefits did not offset the significant headwinds from the impact of the pandemic and higher self-insurance accrual.

To read the full post, please click here.

– You may also want to read this: “United Parcel Service EPS misses by $0.08, beats on revenue”

– And this: “Margins fall at UPS despite higher prices”

– The Form 8-K can be found here.

– Our coverage today ahead of results is here: “Supply chain radar: CH Robinson, UPS & DSV face judgment day“

– UPS stock down 4.4% in pre-market just ahead of the trading session

– UPS shares fell 5% to $97.4 in early trade today (see the chart below)

(Source Google)

– Earnings call transcript here.

– The end.