Connect with us

Business

UPS stock soars on third-quarter earnings beat, turnaround plan

Published

on

UPS stock soars on third-quarter earnings beat, turnaround plan


A UPS worker pushes a cart in New York, US, on Monday, Oct. 27, 2025.

Michael Nagle | Bloomberg | Getty Images

United Parcel Service on Tuesday reported earnings that topped Wall Street’s estimates ahead of its busy holiday season.

Shares of the package delivery giant surged 10% in premarket trading.

Here’s how the company performed in its third quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:

  • Earnings per share: $1.74 adjusted vs. $1.30 expected
  • Revenue: $21.4 billion vs. $20.83 billion expected

For the period ended Sept. 30, the company reported net income of $1.31 billion, or $1.55 per share, compared with $1.99 billion, or $1.80 per share, the year prior. Adjusting for one-time items, including costs of its transformation strategy, the company reported profit of $1.48 billion or $1.74 per share.

UPS estimates its fourth quarter revenue to be $24 billion with an operating margin of 11% to 11.5%.

The company also on Tuesday laid out details of its previously announced turnaround plan and said it cut its workforce by 34,000 jobs, greater than its previous estimate of 20,000, as part of its plan to trim down its work with Amazon, previously its largest customer.

UPS also initiated a sale-leaseback transaction in the third quarter for five properties as part of its broader strategy, which resulted in a $330 million pre-tax gain on sale in its supply chain solutions division. It said Tuesday that it has now closed daily operations at 93 leased and owned buildings through September as part of the initiative.

UPS said its turnaround plan has resulted in $2.2 billion in savings through the end of the third quarter, with an estimate of achieving $3.5 billion total year-over-year cost savings in 2025.

“We are executing the most significant strategic shift in our company’s history, and the changes we are implementing are designed to deliver long-term value for all stakeholders,” CEO Carol Tomé said. “With the holiday shipping season nearly upon us, we are positioned to run the most efficient peak in our history while providing industry-leading service to our customers for the eighth consecutive year.”

The courier’s strong results come as the parcel industry faces a volatile tariff environment and sluggish demand, in addition to impacts from the end of the de minimis loophole. Rival FedEx said last month that it incurred $150 million in headwinds from the global trade environment.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Gold, Silver Prices Jump Sharply This Week; Yellow Metal Surges By Rs 4,000

Published

on

Gold, Silver Prices Jump Sharply This Week; Yellow Metal Surges By Rs 4,000


New Delhi: Gold and silver prices witnessed a sharp surge in the domestic market this week, tracking strong gains in global bullion markets. Gold prices rose by around Rs 4,000 per 10 grams, while silver prices jumped by nearly Rs 17,000 per kilogram. According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-karat gold increased by Rs 4,188 to Rs 1,32,710 per 10 grams, compared to Rs 1,28,592 a week ago.

The price of 22-karat gold climbed to Rs 1,21,562 per 10 grams from Rs 1,17,777, while 18-karat gold rose to Rs 99,533 per 10 grams from Rs 96,444. Silver prices outperformed gold, registering a sharper weekly rise. The price of silver surged by Rs 16,970 to Rs 1,95,180 per kilogram, up from Rs 1,78,210 per kilogram a week earlier.

Earlier on Friday, Silver touched the Rs 2 lakh mark to hit an all-time high of Rs 2,013,88 per kilogram on the Multi-Commodity Exchange (MCX) during the intraday trade. The price of the future contract expiring on March 5, 2026, rose over Rs 2,400 during the day before settling at Rs 2,00462, up Rs 1,520 against the previous session’s closing of Rs 1,98,942.

Add Zee News as a Preferred Source


“Gold and silver ETFs have been quiet heroes of the year, delivering standout returns even as equity markets saw bouts of volatility. Silver, especially, stole the spotlight — a rare combination of booming industrial demand from solar, EVs and electronics, alongside tightening global supply, pushed prices sharply higher,” said Nikunj Saraf, CEO, Choice Wealth.

Gold too held its ground and climbed steadily, supported by persistent central-bank buying and investors seeking safety amid geopolitical and inflation worries, he added. The gold future contract expiring on February 5 surged 1.87 per cent to close at Rs 1,34,948 per 10 grams on MCX on Friday. In the retail market, the 24-carat gold price settled at Rs 132,710 per 10 grams, up over Rs 4,600 from the previous day’s closing of Rs 1,28,596 per 10 grams, according to the IBJA.

The rally in domestic bullion prices is largely driven by continued strength in international markets, with both precious metals hovering close to their all-time highs. On the COMEX, gold was trading at $4,328 per ounce, while silver stood at $62 per ounce.



Source link

Continue Reading

Business

Nifty 50, Nifty Midcap 150 Emerge As Top Indices In November: Report

Published

on

Nifty 50, Nifty Midcap 150 Emerge As Top Indices In November: Report


New Delhi: Nifty 50 and Nifty Midcap 150 emerged as best-performing indices in November, with a growth of 1.87 per cent and 1.59 per cent, respectively, a report said on Saturday. Meanwhile, Nifty 50 outperformed with a return of 7.27 per cent, 5.87 per cent, and 8.59 per cent over the last 3 months, 6 months, and 1-year period, respectively.

At the same time, the Nifty Midcap 150 continued to show steady traction with gains of 7.93 per cent, 6.01 per cent, and 7.12 per cent across the same 3-month, 6-month, and 1-year periods, Motilal Oswal Mutual Fund said in its report.

The broader market also delivered healthy gains, with the Nifty 500 gaining 0.94 per cent in the previous month, with large and midcap stocks up about 1-2 per cent and smallcaps corrected by around 1-3 per cent. Over the last 3 months, 6 months, and 1 year, the index has consecutively given positive returns of 6.55 per cent, 4.96 per cent and 5.94 per cent, the report noted.

Add Zee News as a Preferred Source


The Nifty Smallcap 250 Index showed mixed momentum, declining 3.36 per cent during the month, while recording a moderate 1.37 per cent gain over the past 3 months. However, returns remained subdued over longer periods, with the index slipping 0.60 per cent over 6 months and 5.55 per cent over the 1-year horizon.

The Nifty Microcap 250 Index also reflected volatility, registering a 2.83 per cent decline in November. According to the report, the Nifty Next 50 Index ended the month with a marginal decline of 0.98 per cent but maintained positive momentum over the medium term with gains of 5.16 over 3 months and 3.56 per cent over 6 months, while delivering −2.25 per cent over the 1 year.

Sector performance remained mixed with IT delivering an increase of 4.74 per cent, Auto 3.60 per cent, Banks 3.42 per cent and Healthcare 2.30 per cent in November. The Defence sector delivered the strongest annual performance with an impressive 19.43 per cent return, emerging as the best-performing segment over the year.

The Auto sector followed closely at 18.85 per cent, the Banking sector also posted a healthy 14.79 per cent gain, and Metals also recorded a strong 13.94 per cent. Healthcare generated 6.40 per cent, indicating steady but moderate expansion.

Realty, on the other hand, slipped further by 4.69 per cent in November and 11.47 per cent in the past year. The broader trend shows a 1–4 per cent decline across these segments during November, reflecting sector-specific pressures and profit-taking after earlier rallies, the report highlighted.



Source link

Continue Reading

Business

Maruti Suzuki To Launch 4 New Cars In 2026, Including 2 EVs And Brezza Facelift; Check Details

Published

on

Maruti Suzuki To Launch 4 New Cars In 2026, Including 2 EVs And Brezza Facelift; Check Details


Maruti Suzuki is preparing to expand its product lineup in India in 2026 with the launch of four new models. After introducing only one new car in 2025—the Victoris—the automobile company plans to add two electric vehicles, a flex-fuel model, and a refreshed version of the Brezza compact SUV next year.

In 2026, Maruti Suzuki will strengthen its portfolio by entering new segments and updating existing models. The planned launches include the e Vitara electric SUV, a flex-fuel version of the Fronx, an all-electric MPV codenamed YMC, and a facelifted Brezza.

Maruti Suzuki e Vitara

Add Zee News as a Preferred Source


The Maruti Suzuki e Vitara is expected to be launched in January 2026. The e Vitara is expected to be offered with two battery options—49kWh and 61kWh—both paired with a front-mounted electric motor. Maruti Suzuki has claimed a driving range of up to 543 km. The electric SUV has also received a 5-star safety rating under the Bharat NCAP crash test programme.

This electric midsize SUV will compete with models such as the Mahindra BE 6, Hyundai Creta Electric, MG ZS EV, VinFast VF6, and Tata Curvv EV.

Fronx Flex Fuel 

Maruti Suzuki will introduce its first flex-fuel engine in the second half of 2026. This engine will debut in the Fronx compact SUV. The flex-fuel powertrain is expected to support ethanol-petrol blends of up to E85, which consists of 85 per cent ethanol and 15 per cent petrol.

(Also Read: Planning To Buy New Kia Seltos? Check Missing Features Offered By Rivals Before Bringing It Home)

Apart from the new engine, the Fronx Flex Fuel is expected to remain unchanged in terms of design and features when compared to the current petrol version.

Electric MPV Codenamed ‘YMC’

The company’s second electric vehicle for 2026 will be an all-electric MPV, codenamed YMC. It is scheduled to be launched towards the end of the year. The YMC will be based on the same platform as the e Vitara but will feature an MPV body style.

The YMC is likely to use the same 49kWh and 61kWh battery packs as the e Vitara, with an expected range of around 500–550 km.

Brezza Facelift

Maruti Suzuki is also preparing a facelift for the Brezza compact SUV, which is expected to arrive around mid-2026. Spy images suggest minor design updates, along with possible interior changes and additional features. The Brezza facelift is expected to come with the 1.5-litre petrol engine producing 103hp, along with manual, automatic, and CNG options.



Source link

Continue Reading

Trending