UPS Says Q1 Profit Rose 33%, Boosts Full-Year View (UPS)

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Package delivery giant United Parcel Service, Inc. ( UPS ) late Wednesday said its first quarter profit jumped 33% from last year, and raised its full-year forecast, sending its shares soaring.

The Atlanta-based company, which is slated to deliver its full first quarter earnings results on April 27, said it now expects full-year adjusted earnings to range from $3.05 to $3.30 per share, up significantly from a prior outlook of $2.70 to $3.05. On average, Wall Street analysts had expected $2.95 per share for the year.

UPS cited higher margins and growing international shipping volumes for the higher guidance.

UPS shares jumped $3, or +4.6%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of UPS since Jan.8, when shares were trading at $57.41. The company has a 2.87% dividend yield, based on last night's closing stock price of $65.45.

United Parcel Service, Inc. ( UPS ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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