UPS earnings: $1.44 a share, matching estimates

UPS expects to make over 700 million deliveries this season: CFO

United Parcel Service reported quarterly earnings that met analysts' expectations on Thursday, but its revenue topped Street estimates.

UPS also reaffirmed its full-year guidance.

Shares of the company remained unchanged in premarket trade immediately after the announcement.

The company reported third-quarter earnings of $1.44 per share on revenue of $14.92 billion. Analysts expected UPS to post earnings of $1.44 a share on revenue of $14.73 billion, according to Thomson Reuters consensus estimates.

"We are providing value to UPS customers worldwide and our solutions enabled strong growth this quarter," Chairman and CEO David Abney said in a statement. "The investments we are making in technology and capacity will ensure UPS continues to deliver great results well into the future."

The company also reaffirmed its full year-year outlook, forecasting diluted earnings per share of between $5.70 and $5.90.

In July, UPS Chief Financial Officer Richard Peretz told CNBC the company felt "very comfortable" with the guidance it set earlier in the year despite uncertainty in the broad economy. He said the company is able to maintain its guidance in part from its performance internationally.

"Through the third quarter we are performing according to our expectations, and we've taken the necessary steps to ensure we capitalize on record volume levels during peak season," Peretz said.

Peretz told CNBC's "Squawk on the Street" on Thursday UPS is expecting over 700 million packages from Thanksgiving day until the end of the year. The CFO said the company is prepared, spending the year making the necessary adjustments and collaborating with customers.

"One of the things about the calendar in 2016 is there's an additional two work days from Thanksgiving through the end of the year," Peretz said. "We also know that the demand has increased and we'll see over 60 percent of those days having over 30 million packages."

The CFO also discussed the company's strategy behind ordering 14 Boeing 747-8 cargo jets, a deal worth $5.3 billion at list price, according to Reuters.

"Since 2013, we have not brought any additional planes into our network," he said. "Which means from 1989 to 2013, we increased planes every year. What we started doing is making the necessary adjustments because you saw demand around the world change. But what we've seen over the last 3 years is we've increased our air volume in both in the international and domestic by about 15 percent. So, it's time."

UPS said its U.S. domestic revenue increased 4.8 percent. Its U.S. domestic deliveries per day climbed 5.7 percent, driven by e-commerce. The company also reported its deferred air shipments jumped 10 percent and Next Day Air increased 5.9 percent.