Investing.com - United Parcel Service (NYSE:UPS) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
United Parcel Service announced earnings per share of $2.99 on revenue of $24.20. Analysts polled by Investing.com anticipated EPS of $2.86 on revenue of $24.4B.
United Parcel Service shares are down 35.04% from the beginning of the year and are trading at $167.55 , down-from-52-week-high.
United Parcel Service follows other major Industrials sector earnings this month
United Parcel Service's report follows an earnings beat by Lockheed Martin on Tuesday, who reported EPS of $6.87 on revenue of $16.58B, compared to forecasts EPS of $6.66 on revenue of $16.66B.
Union Pacific had beat expectations on Thursday with third quarter EPS of $3.19 on revenue of $6.57B, compared to forecast for EPS of $3.08 on revenue of $6.44B.
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