UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring.

[cheryl]

UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring. - Barron's

Shipping companies were a big lockdown winners in 2020. Now investors are learning that they are reopening plays as well.

United Parcel Service blew past expectations for its earnings on Tuesday morning. Profits came in at $2.77 a share from $22.7 billion in sales. Wall Street was only looking for $1.72 in per-share earnings from $20.6 billion in sales.

Sales in all segments were way higher than in the first quarter of 2020. Prices rose more than 10% and total operating profits increased 164% year over year.

 

[tonyexpress]

WOW!!!

 

[Jkloc420]

UPS Earnings Weren’t Supposed to Be This Good. Why the Stock Is Soaring. - Barron's

Shipping companies were a big lockdown winners in 2020. Now investors are learning that they are reopening plays as well.

United Parcel Service blew past expectations for its earnings on Tuesday morning. Profits came in at $2.77 a share from $22.7 billion in sales. Wall Street was only looking for $1.72 in per-share earnings from $20.6 billion in sales.

Sales in all segments were way higher than in the first quarter of 2020. Prices rose more than 10% and total operating profits increased 164% year over year.

Little late @cheryl

 

[Jkloc420]

WOW!!!

Wow backwards is wow

 

[silenze]

Ups got a bailout. They are no longer responsible for central states pension debt shortfalls

 

[IVE GOTTA PACKAGE 4U]

Ups got a bailout. They are no longer responsible for central states pension debt shortfalls

That's a big windfall for the company

 

[Jkloc420]

That's a big windfall for the company

Yep

 

[IVE GOTTA PACKAGE 4U]

Yep

Now they can pay you or $0.90 raise that you get on August 1st

 

[Jkloc420]

Now they can pay you or $0.90 raise that you get on August 1st

I already got mine

 

[What'dyabringmetoday???]

Ups got a bailout. They are no longer responsible for central states pension debt shortfalls

So the funds already received money?

 

[IVE GOTTA PACKAGE 4U]

So the funds already received money?

No

 

[What'dyabringmetoday???]

No

Exactly...

 

[IVE GOTTA PACKAGE 4U]

Exactly...

From when the bill was passed in March the PBGC has four months to adopt plan rules. Then they have another 4 months to accept applications and then another 4 months to give the final answer.
So basically we may not know anything until next March

 

[What'dyabringmetoday???]

From when the bill was passed in March the PBGC has four months to adopt plan rules. Then they have another 4 months to accept applications and then another 4 months to give the final answer.
So basically we may not know anything until next March

That's my "point"- nobody even knows what will happen but think the funds are all set now. I hope that happens but time will tell.

 

[zeev]

Congrats from FedEx RTD