United Parcel Service (UPS) reported Q1 adjusted earnings Tuesday of $1.49 per diluted share, up from $1.43 a year earlier.

Analysts polled by FactSet expected $1.38.

Revenue for the quarter ended March 31 was $21.55 billion, down from $21.71 billion a year earlier.

Analysts surveyed by FactSet expected $21 billion.

The company said it's not providing any updates to its previously issued full-year outlook, citing the current macroeconomic uncertainty.

UPS shares were up 4.8% in recent premarket activity.