-=UPS (UPS) reported earnings on Tue 22 Oct 2019 (b/o)

UPS beats by $0.01, reports revs in-line; reaffirms FY19 EPS guidance

Reports Q3 (Sep) earnings of $2.07 per share, $0.01 better than the S&P Capital IQ Consensus of $2.06; revenues rose 5.0% year/year to $18.32 bln vs the $18.35 bln S&P Capital IQ Consensus.

In the U.S. Domestic segment, total volume across all products grew more than 9%. Next Day Air increased nearly 24%; Deferred Air grew more than 17%; and Ground volume rose nearly 7%. Growth came from both B2C and B2B shippers, led by the retail, healthcare and high-tech sectors.

Co reaffirms guidance for FY19, sees EPS of $7.45-7.75 vs. $7.51 S&P Capital IQ Consensus.