UPS Tops Q1 Estimates, Holds Back on Updating Full-Year Outlook

Shares of United Parcel Service (UPS) surged in premarket Tuesday after the shipping giant’s first-quarter results topped analysts’ estimates.

UPS reported adjusted earnings per share (EPS) of $1.49 on revenue of $21.5 billion. Analysts had expected adjusted EPS to decline by 2 cents from a year ago to $1.41, while revenue was forecast to drop by about 3% to $21.1 billion.

“We will leverage our integrated network and trade expertise to assist our customers as they adapt to a changing trade environment,” UPS CEO Carol Tomé said. “Further, the actions we are taking to reconfigure our network and reduce cost across our business could not be timelier. The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS.”

The company said it will not provide any updates to its prior full-year outlook “given the current macro-economic uncertainty,” and said second-quarter forecasts will come on Tuesday’s earnings call. In January, UPS said it expected revenue of roughly $89 billion for the year, as it undertook several “business and operational changes” like cutting its shipping volume for Amazon (AMZN) by more than half by the second half of 2026.

Shares of UPS were up 5% soon after the results were released. They had lost more than 20% of their value on the year entering Tuesday. Earlier this month, shares hit their lowest point since mid-2020.