| Previous close | 12.10 |
| Open | 12.90 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 145.00 |
| Expiry date | 2025-01-17 |
| Day's range | 12.10 - 12.90 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.59k |
Barrons.comUPS Stock Rises on Earnings Beat. Demand Is Still a Struggle.
Tuesday morning, UPS reported first-quarter earnings per share of $1.43. Wall Street was looking for $1.30.
- Reuters
UPDATE 1-UPS profit falls on high labor costs, weak small-package demand
United Parcel Service reported a decline in first-quarter profit on Tuesday, as margins came under pressure from subdued demand for small-package delivery and higher costs tied to a new labor contract with the Teamsters union. Delivery companies such as UPS and FedEx have seen demand normalize following a boom during the pandemic, when home-bound consumers were forced to shop online. A new labor contract with the Teamsters union is also squeezing the Atlanta-based company's profit.
ReutersUPS profit beats estimates as cost cuts offset weak delivery demand
UPS reported a 3.2% decline in average daily volumes in its domestic segment and a 5.8% drop in its international segment, but said volumes "showed improvement through the quarter". The Atlanta-based company is also focusing on more high-margin businesses such as small and medium enterprises and healthcare logistics, where revenue hit $10 billion for the first time in 2023. A new labor contract with the Teamsters union has been squeezing the Atlanta-based company's margins, however.
