Investing.com - United Parcel Service reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.73 on revenue of $17.44B. Analysts polled by Investing.com anticipated EPS of $1.82 on revenue of $17.49B. That compared to EPS of $1.45 on revenue of $15.98B in the same period a year earlier. The company had reported EPS of $1.94 on revenue of $17.46B in the previous quarter.
For the year, United Parcel Service shares are down 4.83%, under-performing the S&P 500 which is up 2.12% year to date.
United Parcel Service follows other major Transportation sector earnings this month
On Tuesday, Canadian National Railway reported third quarter EPS of $1.54 on revenue of $3.69B, compared to forecasts of EPS of $1.12 on revenue of $3,562M.
CSX (NASDAQ:CSX) earnings beat analyst's expectations on Tuesday, October 16, 2018, with third quarter EPS of $1.05 on revenue of $3.13B. Investing.com analysts expected EPS of $0.93 on revenue of $3.03B
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