UPS beats Wall Street estimates on top and bottom lines
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In this articleUnited Parcel Service on Tuesday posted first-quarter earnings results that beat on the top and bottom lines.Shares of the delivery giant sank roughly 3% in premarket trading.Here's how the company performed in its first quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:For the quarter ended March 31, UPS reported net income of $864 million, or $1.02 per share, compared with $1.19 billion, or $1.40 per share, a year prior. Adjusting for one-time items, the company reported a profit of $906 million, or $1.07 per share. Revenue fell to $21.2 billion from $21.5 billion a year ago."The first quarter of 2026 marked a critical transition period for UPS in which we needed to flawlessly execute several major strategic actions and we delivered," CEO Carol Tomé said in a statement. "With that behind us, we expect to return to consolidated revenue and operating profit growth, and adjusted operating margin expansion in the second quarter of this year."For its full-year 2026 outlook, the company reaffirmed its consolidated financial estimate of $89.7 billion in revenue and non-GAAP adjusted operating margin of 9.6%. In its domestic segment, UPS said revenue dropped 2.3%, primarily due to an expected decline in volume.UPS is also in the midst of a turnaround plan and enhancing the automation in its network. In the first three months of the year, UPS said it achieved $600 million in cost savings from its network efficiency program, with expectations to reach $3 billion in year-over-year savings in 2026.Company executives will hold a conference call at 8:30 a.m. ET.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.
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