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

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

UPS Releases 4Q 2023 Earnings

January 30, 2024 6:00 AM EST

Consolidated Revenues of $24.9B, Compared to $27.0B Last Year Consolidated Operating Margin of 9.9%; Adjusted* Consolidated Operating Margin of 11.2% Diluted EPS of $1.87; Adj. Diluted EPS of $2.47, Compared to $3.62 Last Year Declares a Quarterly Dividend of $1.63, a $0.01 Increase Per Share

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced fourth-quarter 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from the fourth quarter of 2022. Consolidated operating profit was $2.5 billion, down 22.5% compared to the fourth quarter of 2022, and down 27.1% on an adjusted... More