Investing.com - United Parcel Service (NYSE:UPS) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United Parcel Service announced earnings per share of $2.28 on revenue of $21.24B. Analysts polled by Investing.com anticipated EPS of $1.88 on revenue of $20.19B.
United Parcel Service shares are up 45% from the beginning of the year and are trading at $170.84 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.95% 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 missed by Union Pacific on Thursday, October 22, 2020, who reported EPS of $2.01 on revenue of $4.92B, compared to forecasts EPS of $2.06 on revenue of $4.93B.
Canadian National Railway had missed expectations on Tuesday, October 20, 2020 with third quarter EPS of $1.38 on revenue of $3.41B, compared to forecast for EPS of $1.45 on revenue of $3.48B.
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