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UPS Bullish on Holiday Season Quarter

By Warren Paige

United Parcel Services Inc. (UPS) reported 3.4% revenue growth for the fiscal third quarter, aided by higher number of international and domestic shipments. For the latest period, UPS posted net income of $1.1 billion or $1.16 a share compared to a profit of $469 million or 48 cents a share, in the year-ago period. Stripping out onetime items, the adjusted earnings came in at $1.06 a share, a penny above analysts’ consensus estimate, according to a poll conducted by Thomson Reuters. Revenue stood at $13.52 billion, missing analysts’ estimate of $13.6 billion. The package courier company said that it expects to handle more than 34 million packages globally on Dec 16, which is the most busy day during the holiday season quarter.

October 25th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.