Small businesses in SLOT ออนไลน์ ที่สุดของเกมทำเงิน 2021 the US fuelled demand for delivery, helping UPS post
better-than-expected earnings and revenue for the first quarter of the year.
That sent the company's stock to an all-time high Tuesday.
UPS is one of the few companies that benefited from the pandemic as demand for delivery rose as more people
stayed home and shopped online.
But even with more people getting vaccinated and heading out, the company said it expects delivery demand
to continue this year as more businesses open up and need to ship goods.
Plus, consumers have more money in their pocket to spend from government stimulus checks. UPS said daily
volume jumped more than 14 per cent in the first three months of the year from the same period a year ago.
The Atlanta company reported net income of US$4.79 billion, up nearly 400 per cent from the same period
last year.
But much of those gains came from a US$2.5 billion pension benefit related to the American Rescue Plan Act
of 2021, which gives big employers protection against insolvency of their pension plans. That reduced
the company’s pension liability by US$6.4 billion.
Adjusted earnings, which excludes one-time gains or losses, came to US$2.77 per share, far exceeding Wall
Street projections of US$1.67, according to Zacks Investment Research.
Total revenue soared 27 per cent to US$22.91 billion, also beating expectations.
UPS has also been delivering COVID-19 vaccines around the world, many of which need to be kept in deep
freezers. So far, the company said it has shipped 196 million COVID-19 vaccines worldwide.
Shares of United Parcel Service., which have nearly doubled in the last year, hit a record high of US$197.28
Tuesday morning.