4/26, 12:02 PM (Source: TeleTrader)
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UPS revenue up 6.4% to $24.4 billion in Q1

United Parcel Service Inc. (UPS) announced on Tuesday that its revenue grew by 6.4% on an annual comparison basis to reach $24.4 billion in the first quarter of 2022.

Its diluted earnings per share (EPS) in the first trimester of 2022 dropped 44.6% and stood at $3.03. Net income amounted to $2.7 billion after a plunge of 44.4%.

"The agility of our network and the continued execution of our strategy delivered another quarter of strong financial performance, putting us on our way to achieving our 2022 consolidated financial targets," CEO Carol Tome said.

The shares were little changed in the premarket after the announcement.

Baha Breaking News (BBN) / BU