UPS Earnings Beat Wall Street, But Amazon Pullback Is the Real Test
UPS topped analyst forecasts for both profit and revenue in the first quarter, reporting $21.2 billion in sales and $1.27 billion in operating profit. Adjusted earnings landed at $1.07 per share. The Atlanta-based delivery giant is navigating a network revamp and trimming less-profitable Amazon shipments, but Tuesday’s results offered some breathing room.