5 Quarterly Reports You Don’t Want to Miss

3. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 42

Shares of United Parcel Service, Inc. (NYSE:UPS) jumped to an all-time high in the pre-market trading session on Tuesday, February 1, 2022, after announcing solid profit and sales for the fourth quarter, as the company benefitted from higher shipping fees and elevated e-commerce demand.

United Parcel Service, Inc. (NYSE:UPS) reported adjusted earnings of $3.59 per share, significantly higher than $2.66 per share in the year-ago quarter. Revenue came in at $27.8 billion, up 11.5 percent on a year-over-year basis. The results crushed analysts’ average estimate of $3.10 per share for earnings and $27.06 billion for revenue.

Looking at the performance of different segments of UPS, domestic package revenue for the quarter jumped 12.4 percent to $17.70 billion, while international package revenue advanced 13.1 percent to $5.40 billion. In comparison, supply chain & freight revenue surged 6.7 percent to $4.68 billion in the quarter.

The Georgia-based shipping & logistics giant also issued its financial outlook for 2022. United Parcel Service, Inc. (NYSE:UPS) expects revenue of around $102 billion and adjusted operating margins of about 13.7 percent for the current fiscal year.