By Reuters Staff
2 Min Read
(Reuters) -United Parcel Service Inc on Tuesday posted record quarterly profit and revenue on pandemic-fueled demand for doorstep deliveries and air transportation.
Shares in the world’s biggest package delivery firm soared 12.1% to $197.07 in early trading, after operating profit swelled during the first quarter, when severe winter weather briefly disrupted operations.
“The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy
on the stock – was very strong,” Bernstein analyst David Vernon wrote in a client note.
Business is booming at UPS and rivals like FedEx Corp, DHL and Amazon.com Inc since the pandemic shifted purchases of everything from food to furniture online.
Operator
Good day, and thank you for standing by and welcome to the Q1 2021 CSX Corporation Earnings Conference Call. [Operator Instructions] After the speaker s remarks, there will be a question-and-answer session. [Operator Instructions]
I d now like to hand the conference over to your speaker today, Bill Slater, Head of Investor Relations. Please go ahead.
Bill Slater
Head of Investor Relations
Thank you and good afternoon, everyone. Joining me on today s call are Jim Foote, President and Chief Executive Officer; Kevin Boone, Chief Financial Officer; and Jamie Boychuk, Executive Vice President of Operations.
On Slide 2 is our forward-looking disclosure followed by our non-GAAP disclosure on Slide 3.
Wednesday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning, everyone, and welcome to the Delta Airlines December quarter and full-year 2020 financial results conference call. My name is Cathy and I will be your coordinator. [Operator instructions] As a reminder, today s call is being recorded. And now, I d like to turn the conference over to Jill Greer, vice president of investor relations.
Please go ahead.
Investor Relations
Thanks, Cathy. Good morning, everyone, and thanks for joining us for December quarter and full-year 2020 earnings call. Joining us from Atlanta today our CEO, Ed Bastian; our president, Glen Hauenstein; and our interim co-CFO, Gary Chase. Our entire leadership team is available for the Q&A session.