NEW YORK, NY / ACCESSWIRE / April 28, 2017 / Expensive recalls and lower sales in the company's Q1 report sent Ford shares lower despite the car maker beating the Street's estimates. While Ford dragged the NYSE lower, shares of United Parcel Service saw some gains as the company beat estimates with their Q1 revenues.

RDI Initiates Coverage on:

United Parcel Service, Inc.
https://ub.rdinvesting.com/news/?ticker=UPS

Ford Motor Company
https://ub.rdinvesting.com/news/?ticker=F

United Parcel Service, Inc. shares closed up 1.12% on Thursday after a better than expected quarterly report was released by the world's largest package delivery company. UPS reported revenue of $15.315 billion in the first quarter from $14.418 billion in the year-ago period. The Street had been looking for $15.17 billion in revenue. CEO David Abney seems optimistic about the rest of 2017 as he commented in an interview with Reuters with, "We think of it as a good start, and we're determined to have a good finish to the rest of the year." He also said, "We are accelerating investments to create the industry's leading smart global logistics network and value-creating portfolio. UPS customers are benefiting from expanded capacity, choice and improved time-in-transit, while technology solutions continue to deliver efficiencies." Looking ahead the company forecast earnings per share of $5.80 to $6.10 for 2017, compared to the Thomson Reuters consensus estimate of $5.94.

Access RDI's United Parcel Research Report at:
https://ub.rdinvesting.com/news/?ticker=UPS

Investors were not pleased with Ford's first quarterly report for 2017, but then again the car market did warn that the period would be sluggish. Despite the disappointment, the company still beat estimates. The Dearborn-based automaker saw its net income fall 35% to $1.6 billion, or 40 cents per share. Without one-time items, Ford earned 39 cents per share which beat the FactSet estimate of 35 cents. Revenue at $36.5 billion came in ahead of the $34.7 billion that Thomson One was expecting. Despite the beat, weaker results for the quarter caused shares to slump yesterday, hitting as low as $11.34 in intra-day trading. Looking ahead, CFO Bob Shanks has said the year for Ford will be a bumpy one and that the third quarter would see the lowest profits due to scheduled plant closures.

Access RDI's Ford Research Report at:
https://ub.rdinvesting.com/news/?ticker=F

Our Actionable Research on United Parcel Service, Inc. (NYSE: UPS) and Ford Motor Company (NYSE: F) can be downloaded free of charge at Research Driven Investing.

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