The transportation sector has been off to a robust begin this earnings season. Most trade gamers ma
The transportation sector has been off to a robust begin this earnings season. Most trade gamers managed to beat on earnings or revenues or on each counts, instilling big optimism within the house (see: all of the Industrials ETFs right here).
For a greater understanding, let’s delve into the outcomes of some well-known trade gamers:
Transportation Earnings in Focus
The world’s largest package deal supply firm United Parcel Service’s UPS prime and the underside line beat the Zacks Consensus Estimate. Earnings of $2.07 have been a penny forward of the consensus mark whereas revenues of $18.32 billion edged previous the estimated $18.three billion. For 2019, the corporate reiterated earnings per share within the vary of $7.45-$7.75.
Union Pacific UNP missed the Zacks Consensus Estimate for earnings by 7 cents and that for revenues by $107 million. In the meantime, Kansas Metropolis Southern’s KSU earnings of $1.94 per share topped estimates by 17 cents whereas revenues of $748 million got here forward of the estimated $730 million.
U.S. airways Delta Air Strains DAL and United Continental UAL beat on earnings however lagged on revenues. Earnings per share at Delta and United Continental trumped the Zacks Consensus Estimate by 5 cents and 13 cents, respectively. Revenues of $12.56 billion for Delta and $11.four billion for United Continental have been beneath…