UPS (UPS) Tops Q4 EPS by 15c

UPS (NYSE: UPS) reported Q4 EPS of $1.57, $0.15 better than the analyst estimate of $1.42. Revenue for the quarter came in at $16.1 billion versus the consensus estimate of $16.28 billion.

U.S. Domestic revenue increased 2.6%, to $10.3 billion. Lower fuel surcharge rates reduced revenue growth by about 250 basis points. Revenue per package increased slightly to $8.89. Base rates driven by company actions remain strong while changes in fuel surcharges and customer mix lowered revenue-per-package growth.

Strong demand from ecommerce shippers contributed to a 2.4% increase in average daily shipments. Deferred Air products soared 15% and Next Day Air was up 10% over the same period last year. UPS completed deliveries to more than 1.9 million new addresses during December, demonstrating the growing influence of online retail.

GUIDANCE:

UPS sees FY2016 EPS of $5.70-$5.90, versus the consensus of $5.73.

For earnings history and earnings-related data on UPS (UPS) click here.

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