UPS (UPS) misses on revenue, full-year guidance

January 31, 2023 6:49 AM EST

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United Parcel Service (NYSE: UPS) reported weaker-than-expected Q4 revenue results but shares are still trading about 1% higher in pre-market Tuesday.

UPS posted a Q4 EPS of $3.62 on revenue of $27 billion, which compares to the analyst consensus for earnings of $3.59 on revenue of $28.13B. Revenue fell 2.7% year-over-year (YoY), driven by a slowdown in International Package and Supply Chain Solutions business units.

For the full 2023 year, UPS sees revenue between $97B and $99.4B, lower than the consensus of $100.03B. The adjusted operating margin is expected at 13.2% (up or down 40bps), in-line with the consensus.

UPS also declared a quarterly dividend of $1.62 while the board authorized a new $5 billion share repurchase program.

UPS shares closed at $176.97 yesterday.

By Senad Karaahmetovic

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