UPS shares plunge on Q2 earnings, revenue miss

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Go back to UPS shares plunge on Q2 earnings, revenue miss

UPS Releases 2Q 2024 Earnings

July 23, 2024 6:00 AM EDT

Consolidated Revenues of $21.8B, Compared to $22.1B Last Year Consolidated Operating Margin of 8.9%; Adjusted* Consolidated Operating Margin of 9.5% Diluted EPS of $1.65; Adj. Diluted EPS of $1.79, Compared to $2.54 Last Year Updates Full-Year 2024 Financial Guidance; Restarts Share Repurchase Program, Targeting $1B Annually

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced second-quarter 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the second quarter of 2023. Consolidated operating profit was $1.9 billion, down 30.1% compared to the second quarter of 2023, and down 29.3% on an... More

UPS to Acquire Estafeta, Providing Powerful Global Logistics Solutions and Trade Opportunities for Customers in Mexico and Beyond

July 22, 2024 4:10 PM EDT

Deal Helps Businesses of All Sizes Take Advantage of Mexico Manufacturing Boom, Global Supply Chain Shifts, and North American Trade Growth

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced that it has entered into an agreement to acquire Estafeta, a leading Mexican express delivery company. This acquisition is a key part of UPS's 'Better and Bolder' strategy, aimed at becoming the world's premium international small package and logistics provider.

Global supply chains are shifting, Mexico's role in global trade is growing, and Mexican SMB and... More