United Parcel Service Inc stock was rising on Tuesday, after an earnings beat helped investors to look past ongoing tariff uncertainty.
Shares rose 4.3% to $101.30 ahead of the opening bell.
The shipping company reported adjusted first-quarter earnings of $1.49 a share, as revenue slipped 0.7% from a year ago to $21.5 billion. Analysts were expecting earnings of $1.38 a share on revenue of $21 billion, according to a FactSet poll.
UPS said it wouldn’t be providing any updates to its full-year outlook “given the current macroeconomic uncertainty,” which could be a worry for investors given that President Donald Trump’s tariffs are already weighing on shipping and postage. It will issue its expectations for its second-year financial performance on an earnings call at 8.30 a.m. Eastern Time.