Earnings

Net income for the quarter at $775 million was up 9.7%, and earnings per share at $2.84 were up 8% annually. Quarterly operating income of $1.26 billion was up around 7%.

Quarterly revenue for the Atlanta-based transportation and logistics bellwether at $15.7 billion was up 7.7% annually, and earnings per share at $1.58 was up 11% compared to last year and ahead of Wall Street estimates of $1.46. Operating profit was up 8.7% at $2.2 billion.

Revenue for the quarter, at $3.54 billion, was down 0.3 percent annually, although it was up $122.6 million when excluding the first quarter 2016 revenue from its former North American truckload unit

First quarter 2017 earnings for UPS were positive on various fronts, based on results issued by the Atlanta-based transportation and logistics bellwether today. Quarterly revenue at $15.3 billion was up 6.2 percent annually, and earnings per share at $1.32 rose 3.8 percent compared to the first quarter of 2016 and beat Wall Street expectations of $1.29 per share. Operating profit fell 2.1 percent to $1.784 billion.

Quarterly revenue was up 5.5 percent at $16.9 billion, while earnings per share at $1.63 came in below Wall Street expectations of $1.69 and full-year earnings per share was $3.87, with full-year revenue up 4.2 percent to $60.9 billion and setting a new company record.

Quarterly revenue at $14.93 billion was up 16.6 percent annually, operating income at $1.167 billion was up 2.6 percent, and net income at $700 million was up 1.3 percent. Earnings per share at $2.80 were up 7.9 percent annually but did not meet Wall Street expectations of $2.91 per share.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Quarterly revenue was up 3.2 percent annually at $14.4 billion, with earnings per share up 13 percent at $1.27 for the fifth straight month of UPS growth (ahead of Wall Street expectations of $1.22 per share), as well as setting a new record for the first quarter.

UPS said today it is lowering its diluted earnings per share guidance to $1.13, which is below the Wall Street estimate of $1.20.

Earlier today, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $102 million net loss in the first quarter and a $2.14 loss per share. Despite the losses, company officials said this represented an improvement over the first quarter of 2011, which saw a net loss of $274 million and $13.15 per share.

Despite increasing fuel costs and harsh winter weather conditions, UPS reported today that first quarter revenue—at $12.58 billion—was up 7.3 percent year-over-year.

Despite an uneven economy, UPS earlier today reported strong second quarter results. The company said that quarterly revenue—at $12.2 billion—was up 12.7 percent year-over-year, and operating profit—at $1.4 billion—was up 56.6 percent. Earnings per share—at $0.84—were up 71 percent.