UPS Profit Tops Estimates as Efficiency Push Counters Labor Cost
by Bloomberg
Bloomberg— United Parcel Service Inc. reported profit higher than analysts’ estimates as the courier’s headcount management and restructuring of its delivery routes began to bear fruit.
Yahoo Finance—UPS profit beats estimates as cost cuts offset weak delivery demand. UPS reported a 3.2% decline in average daily volumes in its domestic segment and a 5.8% drop in its international segment, but said volumes "showed improvement through the quarter". "Revenue in both major businesses, U.S. Domestic and International, fell short of expectations," said Jonathan Chappell, equity analyst at Evercore ISI, in a research note.
CNBC—UPS profit falls on high labor costs, weak small-package demand. reported a decline in first-quarter profit on Tuesday, as margins came under pressure from subdued demand for small-package delivery and...
CNBC—Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up. Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.