Investing.com - United Parcel Service (NYSE:UPS) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United Parcel Service announced earnings per share of $2.13 on revenue of $20.46B. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $17.41B.
United Parcel Service shares are up 5% from the beginning of the year , still down 1.30% from its 52 week high of $125.31 set on November 8, 2019. They are outperforming the S&P 500 which is up 0.86% from the start of the year.
United Parcel Service follows other major Transportation sector earnings this month
United Parcel Service's report follows an earnings beat by Union Pacific on July 23, who reported EPS of $1.67 on revenue of $4.24B, compared to forecasts EPS of $1.56 on revenue of $4.39B.
Canadian National Railway had beat expectations on July 21 with second quarter EPS of $1.28 on revenue of $3.21B, compared to forecast for EPS of $1.25 on revenue of $3,238M.
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