UPS Q1 earnings top consensus expectations despite revenue dip

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Go back to UPS Q1 earnings top consensus expectations despite revenue dip

UPS Releases 1Q 2024 Earnings

April 23, 2024 6:00 AM EDT

Consolidated Revenues of $21.7B, Compared to $22.9B Last Year Consolidated Operating Margin of 7.4%; Adjusted* Consolidated Operating Margin of 8.0% Diluted EPS of $1.30; Adj. Diluted EPS of $1.43, Compared to $2.20 Last Year Reaffirms Full-Year 2024 Financial Guidance

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023. Consolidated operating profit was $1.6 billion, down 36.5% compared to the first quarter of 2023, and down 31.5% on an adjusted basis. Diluted earnings per share were... More