UPS: Q1 2020 under expectations as COVID bites
(CercleFinance.com) - On Tuesday UPS announced Q1 2020 EPS of 1.
11 dollar, down from 1.28 dollar in Q1 2019.
Falls were also recorded in adjusted terms: adjusted EPS reached 1.15 dollar, against 1.39 dollar a year ago, with the group hit by the impact of the coronavirus pandemic. EPS therefore fell short of analysts' expectations - albeit without being too far from it - with the consensus looking for 1.23 dollar.
Finally, note that although net income fell (965 million dollars in Q1 2020 against 1.2 billion dollars in Q1 2019), its revenues actually increased from 17.16 billion dollars to 18.04 billion dollars.
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