UPS Releases 4Q 2023 Earnings

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Go back to UPS Releases 4Q 2023 Earnings

UPS cut by Argus with 2024 growth expected to be slow at best

January 31, 2024 9:10 AM EST

Shares of UPS (NYSE: UPS) were downgraded to Hold from Buy at Argus on Wednesday, with the firm saying the outlook for 2024 is "slow growth at best."

The firm explained that although UPS appears well-positioned to benefit from a number of positive trends,... More

UPS drops 5% as FY sales outlook misses consensus; Company to cut 12,000 jobs

January 30, 2024 6:30 AM EST

(Updated - January 30, 2024 9:01 AM EST)

UPS (NYSE: UPS) reported mixed Q4 results today and offered guidance that failed to meet analyst consensus.

At 09:00 EDT (14:00 GMT), UPS stock was down 4.7%.

The company posted an adjusted earnings per share (EPS) of $2.47, in line with the analyst consensus. Revenue for the quarter was $24.92 billion, marking a 7.8% decline y/y, and... More

UPS (UPS) Tops Q4 EPS by 1c, Misses on Revenue; Offers FY24 Guidance

January 30, 2024 6:03 AM EST

UPS (NYSE: UPS) reported Q4 EPS of $2.47, $0.01 better than the analyst estimate of $2.46. Revenue for the quarter came in at $24.9 billion versus the consensus estimate of $25.4 billion.

For the full year 2024, UPS expects revenue to range from approximately $92.0 billion to $94.5 billion and consolidated adjusted... More