Company news: UPS (UPS) quarterly results beat analysts’ expectations

UPS (UPS) reported Q1 FY 2022 earnings of $3.05 per share (versus $2.77 per share in Q1 FY 2021), beating analysts’ consensus estimate of $2.88 per share.

The company’s quarterly revenues amounted to $24.400 bln (+6.5% y/y), beating analysts’ consensus estimate of $23.799 bln.

The company also reaffirmed guidance for FY 2022, seeing revenues of $102 bln versus analysts’ consensus estimate of $101.84 bln.

UPS rose to $192.00 (+1.24%) in pre-market trading.