UPS Q3 Earnings Send Stock Up 4% in Pre-Market Trading

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UNITED PARCEL SERVICE ($NYSE:UPS) stock rose in premarket trading on Tuesday after the company released mixed Q3 earnings. Despite the miss on earnings, investors appeared to be encouraged by UPS’ strong revenue growth. The company’s stock was up approximately 4% in premarket trading. It’s been a mixed day for stocks so far, with futures pointing to a slightly lower open.

However, UPS stock is one to watch for Tuesday as the market looks to rebound from Monday’s slight dip.

Earnings

Their total revenue for the quarter was 100.1B USD, with a net income of 10.9B. This is compared to a 2.9% increase in total revenue and a 15.5% decrease in net income from the previous year. In the last three years, UNITED PARCEL SERVICE’s total revenue has increased from 84.6B USD to 100.1B USD.

Stock Price

The stock for UNITED PARCEL SERVICE is up 4% in pre-market trading following the release of the company’s third quarter earnings. The earnings report showed that UPS is doing better than expected, with positive news sentiment surrounding the company. On Tuesday, UPS stock opened at $172.3 and closed at $167.0, down by 0.3% from the previous closing price of $167.6.

VI Analysis

United Parcel Service is a global package delivery company with headquarters in Atlanta, Georgia. The company’s stock is traded on the New York Stock Exchange under the ticker symbol UPS. According to VI Risk Rating, UPS is a medium risk investment in terms of financial and business aspects. The company has a strong balance sheet and a healthy operating margin, but its high debt levels could be a concern in the event of an economic downturn.

VI Peers

There is intense competition between United Parcel Service Inc and its competitors: Deutsche Post AG, Expeditors International of Washington Inc, Kuehne + Nagel International AG. All these companies are striving to get a larger share of the global market for logistics and transportation services.

– Deutsche Post AG ($OTCPK:DPSTF)

Deutsche Post AG, together with its subsidiaries, provides postal and logistics services in Germany and internationally. The company operates through three segments: Post, Express, and Parcel (PEPS); eCommerce Parcel; and Supply Chain. The Post segment offers various postal services, including the delivery of letters and parcels, as well as direct marketing products. The Express segment provides international express mail, national express mail, and express courier services. The Parcel (PEPS) segment offers parcel services. The eCommerce Parcel segment engages in the provision of parcel services for business customers and private individuals. The Supply Chain segment offers a range of logistics solutions, including air and ocean freight, warehousing, and contract logistics. Deutsche Post AG was founded in 1995 and is headquartered in Bonn, Germany.

– Expeditors International of Washington Inc ($NASDAQ:EXPD)

Expeditors International of Washington Inc is a Fortune 500 company that provides global logistics services. It is headquartered in Seattle, Washington and has over 300 offices in 70 countries. The company is a leading provider of transportation and logistics services, and its core business is facilitating the movement of goods and people around the world. Expeditors has a diversified business model that includes airfreight, ocean freight, customs brokerage, and warehousing and distribution. The company’s global logistics network includes a comprehensive range of transportation and distribution services that allow it to provide end-to-end solutions for its customers. Expeditors is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol EXPD.

– Kuehne + Nagel International AG ($OTCPK:KHNGF)

Kuehne + Nagel International AG, together with its subsidiaries, provides logistics and transportation services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Land Logistics, and Overland Logistics. It offers transport and storage solutions for various goods, including chemicals and oil, fashion, food, and beverages, general cargo, healthcare, high-tech products, automotive parts, and others. The company was founded in 1890 and is headquartered in Schindellegi, Switzerland.

Summary

UPS is one of the largest package delivery companies in the world and a leading provider of global supply chain management solutions. The company has a strong history of reliable and efficient service, and its stock has been a good long-term investment. UPS has a large and growing global network, which gives it a big competitive advantage. The company is continuing to invest in its network, which should help it keep its leading position. UPS is also benefiting from the growth of e-commerce.

The company is well-positioned to take advantage of the continued growth of online shopping. Overall, UPS is a strong company with a lot of growth potential. The stock is a good long-term investment.