UPS: misses consensus in Q1

(CercleFinance.com) - UPS has reported Q1 adjusted EPS that is down 10% at 1.
39, two cents below the consensus, although the group confirms that it expects FY 2019 EPS of 7.45 dollars to 7.75 dollars.

At nearly 17.2 billion dollars, the logistics group's revenues were virtually flat, with average daily volumes up, although which suffered from harsh winter conditions in the United States.

David Abney, UPS chairman and CEO. said, “Our Transformation initiatives are enhancing revenue quality and creating network efficiencies that will increase our long-term earnings power. 



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