ups earnings q3 2020

Comcast has released its third-quarter earnings for 2020, and the company boasted a few historic highs. UPS (NYSE: UPS) is scheduled to announce Q3 earnings results on Wednesday, October 28th, before market open. We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in finance receivables and other investing activities. Amedisys, Inc. AMED reported adjusted earnings per share (EPS) of $2.24 for third-quarter 2020, up 94.8% from the year-ago figure. Click here for Webcast. Thank you for subscribing to receive email updates from UPS. Q2 2020. Podcast 28.5 MB. Net income, at $2.0 billion, was up 11.8% annually, and operating profit rose 11.0%, to $2.4 billion. From time to time, we also include forward-looking statements in other publicly disclosed materials. Average daily volumes in the U.S. rose 13.8% on continued strength in residential demand, the company said. Net service revenues grossed $485.1 million, up … United Parcel Service ... Q3 2020. Q3 2020 Results 5 Fourth Quarter 2020 Revenue and Earnings Guidance • PayPal expects TPV growth on a percentage basis to be in the range of low to mid 30%. It marks a 99% jump … We have received your request for a UPS speaker. ABBV - Free Report) reported earnings of $2.83 per share for the third quarter of 2020, comfortably beating the Zacks Consensus Estimate of $2.75 and … A United Parcel Service delivery truck in San Francisco, California. Media: 10/28/20: Q3 2020 Earnings Snapshot. Daniel Foelber (TMFpalomino2) Nov 3, 2020 … For more information about this factsheet, contact: UPS Media Relations +14048287123. Financials 75.9 KB. To request a UPS executive for an upcoming speaking engagement , please complete and submit the following form, We are unable to process your speaker request.We have not been able to received your request for a UPS speaker. Net income rose 11.8% to $2 billion, or $2.24 per share. Zacks Equity Research. That call will be open to others through a live Webcast. United Parcel Service, Inc. (NYSE: UPS) Q3 2020 earnings call dated Oct. 28, 2020. Additionally, we believe that adjusting capital expenditures for principal repayments of finance lease obligations more appropriately reflects the overall cash that we have invested in capital assets. Oppenheimer analyst S. Schneeberger now anticipates that the transportation company will post earnings of $1.92 per share for the quarter, up from their prior estimate of […] We believe free cash flow, free cash flow excluding discretionary pension contributions and free cash flow adjusted for principal repayments of finance lease obligations are important indicators of how much cash is generated by regular business operations and we use them as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners. UPS United Parcel Service Inc Q3 2020. “Our performance highlights the agility of our global integrated network amid the ongoing challenges of the pandemic. Financials 75.9 KB. We are focused on delivering a successful peak and generating cash returns.”. By Reuters Staff. Also, the bottom line improved 25% from the year-ago quarter. The business had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $20.08 billion. The consensus EPS Estimate is $1.89 (-8.7% Y/Y) and the consensus Revenue Estimate … UPS (NYSE:UPS) today announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019. The company can be found on the Internet at www.ups.com, with more information at www.pressroom.ups.com and www.investors.ups.com. October 28, 2020 at 8:30 AM EDT Click here for Webcast. These risks and uncertainties, many of which are outside of our control, include, but are not limited to: continued uncertainties related to the impact of the COVID-19 pandemic on our business and operations, financial condition, financial results and financial position, our customers and suppliers, and on the global economy; changes in general economic conditions, in the U.S. or internationally; significant competition on a local, regional, national and international basis; changes in our relationships with our significant customers; changes in the complex and stringent regulation in the U.S. and internationally (including tax laws and regulations); increased or more complex physical or data security requirements; legal, regulatory or market responses to global climate change; results of negotiations and ratifications of labor contracts; strikes, work stoppages or slowdowns by our employees; the effects of changing prices of energy, including gasoline, diesel and jet fuel, and interruptions in supplies of these commodities; changes in exchange rates or interest rates; uncertainty from the expected discontinuance of LIBOR and transition to any other interest rate benchmark; our ability to maintain our brand image; breaches in data security; disruptions to the Internet or our technology infrastructure; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; our ability to accurately forecast our future capital investment needs; exposure to changing economic, political and social developments in international and emerging markets; changes in business strategy, government regulations, or economic or market conditions that may result in impairment of our assets; increases in our expenses or funding obligations relating to employee health, retiree health and/or pension benefits; potential additional U.S. or international tax liabilities; potential claims or litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; our ability to realize the anticipated benefits from acquisitions, joint ventures or strategic alliances; our ability to realize the anticipated benefits from our transformation initiatives; cyclical and seasonal fluctuations in our operating results; our ability to manage insurance and claims expenses; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequently filed reports. 4-min read. The derived amounts are then multiplied by the average foreign exchange rates used to translate the comparable results for each month in the prior year period (including the period over period impact of foreign currency hedging activities). Free Cash Flow and Adjusted Capital Expenditures. Media: 10/28/20: Q3 2020 Earnings Snapshot. These non-GAAP measures are used internally by management for business unit operating performance analysis, business unit resource allocation and in connection with incentive compensation award determinations. Q2 2019. In the prior year period, GAAP results included a pre-tax charge for transformation costs of $63 million, equivalent to $0.06 per diluted share. Zacks Equity Research. December 1, 2020 by Raymond Hackney Leave a Comment. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. Q2 2020 United Parcel Service, Inc. Earnings Conference Call. NameSilo for those that don’t know is a public company. Sign up now to receive occasional email updates from UPS. Q3 2020 United Parcel Service, Inc. Earnings Conference Call. Last month, the company said it would hire more than 100,000 workers for the winter holiday season, which retailers are stretching out to avoid overwhelming a delivery network already taxed by pandemic-fueled online shopping. Tweet. Read full article. Earnings … UPS Q3 2020 Earnings Preview. Please contact us at +14048287123. Jazz Pharmaceuticals JAZZ delivered adjusted earnings of $4.31 per share for the third quarter of 2020, which beat the Zacks Consensus Estimate of $4.03. United Parcel Service (UPS) Q3 2020 Earnings Call Transcript UPS earnings call for the period ending September 30, 2020. Reblog. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. United Parcel Service, Inc. (UPS) CEO Carol Tomé on Q3 2020 Results - Earnings Call Transcript Wed, Oct. 28 • 1 Comment United Parcel Service, Inc. 2020 Q3 - Results - Earnings Call Presentation Share . SIVB reported Q3 2020 results that included earnings per share of $8.47, almost double the $4.42 per share it earned the year prior. Shares up in pre-market trading. EPS of $2.28 beats by $0.38 | Revenue of $21.24B (15.94% Y/Y) beats by $1.05B. Costs Related to Restructuring Programs; Transformation Strategy Costs. GAAP results include a pre-tax transformation charge of $44 million, equivalent to $0.04 per share. Net income was $2.0 billion for the quarter, 11.8% above the same period in 2019, or 10.7% on an adjusted basis. UPS Releases 2Q 2020 Earnings News Release Details . Effective January 1, 2020, we began evaluating our segments using pension discount rate-neutral operating profit in addition to our current segment operating profit measure. We will be contacting you shortly to cofirm event details and try to work out a successful speaking engagement. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. Free cash flow excluding discretionary pension contributions adds back any discretionary pension contributions made during the period. Innovation Driven. downloads. Oct 28, 2020 « ORBC Orbcomm Inc Q3 2020; ESI Element Solutions Inc Q3 2020 » + Google Calendar + iCal Export. UPS (NYSE:UPS) today announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019. Why UPS Earnings Were Better Than What the Market Thinks Higher revenue and income matter more than lower margins and difficult fourth-quarter comps. AMED - Free Report) reported adjusted earnings per share (EPS) of $2.24 for third-quarter 2020, up 94.8% from the year-ago figure. Shares up in pre-market trading. For more information about this factsheet, contact: ... You have been added to the UPS press release email distribution list and can expect to begin receiving UPS … We also supplement the reporting of revenue, revenue per piece and operating profit with non-GAAP measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities. United Parcel Service beat profit expectations on Wednesday, helped by a surge in home deliveries due to the Covid-19 pandemic. Shares of United Parcel Service (NYSE:UPS) rose 1.6% in pre-market trading after the company reported Q3 results. Share. “UPSers are everyday heroes who are keeping the world’s supply chains moving. Additionally, we periodically disclose free cash flow, free cash flow excluding discretionary pension contributions, and capital expenditures including principal repayments of capital lease obligations. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made. Excluding items, UPS earned $2.28 per share, beating analysts' average estimate of $1.90 per share, according to Refinitiv data. downloads. YTD Cash from Operations of $9.3B; Adjusted Free Cash Flow of $5.9B. Stocks Analysis by Zacks Investment Research covering: Nokia Oyj, PC-Tel Inc, Ericsson, Telefonab. 20 October 2020. Despite higher year-over-year sales, Ericsson (ERIC) misses Q3 earnings estimates mainly due to a provision of SEK 11.5 billion. * “Adjusted” amounts are non-GAAP financial measures. U.S. … The transportation company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.86 by $0.42. Transcribe Your Own Content. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law. This release, our Annual Report on Form 10-K for the year ended December 31, 2019 and our other filings with the Securities and Exchange Commission contain and refer to “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Earnings Calendar « All Events. AbbVie (ABBV) beats on third-quarter 2020 earnings and revenues. Download, follow and add "United Parcel Service, Inc." earnings calls to your podcast at EarningsCast. The company reported earnings yesterday and posted record revenues. Q3 2019. A, T-Mobile US Inc. Read Zacks Investment Research's latest article on Investing.com Jazz Pharma (JAZZ) Beats on Q3 Earnings, Ups Sales Guidance Jazz Pharmaceuticals JAZZ delivered adjusted earnings of $4.31 per share for the third quarter of 2020… The Zacks Consensus Estimate for the to … Back to UPS Overview *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. … UPS turns in very strong Q3 earnings results Quarterly revenue, at $21.2 billion, increased 15.9% annually, and adjusted earnings per share, at $2.28, was up 10.1% compared to a year ago, far outpacing Wall Street expectations, at $1.67. Q3 2020 Earnings Snapshot Infographic. L M ser. Average daily volume increased 13.8%, with growth across all products and continued elevated residential demand. AbbVie (ABBV) Beats on Q3 Earnings & Sales, Ups 2020 Guidance. Historical Financials 40.1 KB. … We would like you to be contacting our Public Relationship office at +14048287123. Share. Slides Press Release 10-Q. Consolidated average daily volume increased 13.5% year over year. Adjusted operating profit, operating margin, pre-tax income, net income and earnings per share exclude the impact of costs related to restructuring programs, including Transformation strategy costs. Listen to "Q3 2020 United Parcel Service, Inc. Earnings Call". Sign up for free newsletters and get more CNBC delivered to your inbox. Non-GAAP pension discount rate-neutral operating profit excludes the period over period impact of discount rate changes on pension service cost. The company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. Thanks very much for your request. mute max volume. • PayPal expects revenue to grow in the range of 20%–25% at current spot rates and 20%–25% on an FXN basis. Average daily volumes in the United States rose 13.8% on continued strength in residential demand, the company said. UPS releases 3Q 2020 earnings Jun 24, 2020 UPS (NYSE:UPS) today announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of … Supporting Materials. “Looking ahead to the fourth quarter, we are collaborating with our customers and using our proven tools to control volume and ensure the resiliency of our network. Zacks. ET, October 28, 2020. Bartosz Dabrowski Reuters Published. LONDON — The world’s largest wealth manager, UBS, reported a jump in net income to $2.1 billion for the third quarter on Tuesday, easily beating analyst expectations. Reblog. Read full article. People Led. UPDATE 2-Gazprom swings to net loss of $3.3 bln in Q3, ups 2020 exports outlook. ˜˚˛˝˙ˆ˝ˇ˘ ˛ ˛ˇ ... Q3 2020 Earnings Snapshot Get this delivered to your inbox, and more info about our products and services. Net income rose to about $2 billion, or $2.24 per share, in the quarter ended Sept. 30, compared with $1.75 billion, or $2.01 per share, a year earlier. Operating margin was 23.6%; adjusted operating margin was 23.8%. Wrap It Up, 2020: As Retailers Report Q3 Earnings, Eyes On The Holiday Season JJ Kinahan Senior Contributor Opinions expressed by Forbes Contributors are their own. Appendix to this release for a UPS speaker the firm exceeded revenue and earnings expectations the. Home deliveries due to the pandemic the ongoing challenges of the pandemic integrated network amid the ongoing of. Discuss third-quarter results with investors and analysts during a Conference Call at 8:30 EDT! Out of Asia our non-GAAP financial measures will be contacting our Public Relationship office +14048287123... Time to time, we also include forward-looking statements are reasonable as and when made www.ups.com, more! $ 20.08 billion add `` United Parcel Service last announced its quarterly earnings data on October,. Event Details and try to work out a successful peak and generating Cash returns. ” beat, jump... 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