UPS beats Q3 estimates and raises full-year guidance on premium growth
What happened
UPS reported third-quarter EPS of $1.69 on sales of $22.9 billion, beating Wall Street expectations of $1.62 on $22.3 billion (a year ago: $1.74 on $21.4 billion). CEO Carol Tome cited premium growth and greater network efficiency, and the company raised full-year guidance: 2026 revenue to $92.6 billion (from $91.2 billion) and operating profit to $8.75 billion (from $8.65 billion). Full-year adjusted EPS guidance rose to $7.28 from $7.22, ahead of the $7.19 FactSet consensus. Implied Q4 guidance ($25.7B revenue, $3.3B operating profit) also tops consensus ($25.2B, $3.2B). Shares rose about 1.6-2% premarket.
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Start your free 14-day trialWho’s affected
- UPS (UPS): shares up about 1.6-2% premarket; transports and logistics peers; retailers and e-commerce shippers heading into peak season; broader read-through to U.S. consumer and business shipping demand
Sources