UPS Holds Outlook Steady as Uncertainty Clouds Network Shift

United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street’s first-quarter sales and profit expectations, underscoring the uncertainty that remains for the courier’s plan to overhaul its delivery network.

Adjusted earnings were $1.07 a share for the first quarter, the company said in a statement Tuesday. Analysts had anticipated $1.03 on average in estimates compiled by Bloomberg. Revenue of $21.2 billion was also narrowly ahead of expectations.