UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy

Dow Jones04-23

MW UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy

Shares of United Parcel Service Inc. $(UPS)$ rose 1.8% in premarket trading Tuesday, after the package delivery giant reported first-quarter profit that beat expectations, while revenue fell a bit shy. Net income fell to $1.11 billion, or $1.30 a share. Excluding nonrecurring items, adjusted earnings per share of $1.43 fell 35% from the same period a year ago but beat the FactSet consensus of $1.28. Total revenue declined 5.3% to $21.7 billion, below the FactSet consensus of $21.84 billion. U.S. domestic package revenue was down 5% to $14.23 billion to miss the FactSet consensus of $14.43 billion, as average daily volume decreased 3.2%. International revenue fell 6.3% to $4.26 billion to miss expectations of $4.31 billion and supply chain revenue was down 5.3% to $3.22 billion to top expectations of $3.19 billion. For 2024, the company affirmed its revenue guidance range of $92 billion to $94.5 billion, and its capital expenditure plans of $4.5 billion. The stock has gained has lost 7.6% year to date through Monday, while shares of rival FedEx Corp. $(FDX)$ have gained 6.8% and the S&P 500 index has advanced 5.1%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 23, 2024 06:10 ET (10:10 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429164359?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-23 18:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2429164359","market":"fut","top_or_hot":-1,"title":"UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy\n</p>\n<p>\n     Shares of United Parcel Service Inc. <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a> rose 1.8% in premarket trading Tuesday, after the package delivery giant reported first-quarter profit that beat expectations, while revenue fell a bit shy. Net income fell to $1.11 billion, or $1.30 a share. Excluding nonrecurring items, adjusted earnings per share of $1.43 fell 35% from the same period a year ago but beat the FactSet consensus of $1.28. Total revenue declined 5.3% to $21.7 billion, below the FactSet consensus of $21.84 billion. U.S. domestic package revenue was down 5% to $14.23 billion to miss the FactSet consensus of $14.43 billion, as average daily volume decreased 3.2%. International revenue fell 6.3% to $4.26 billion to miss expectations of $4.31 billion and supply chain revenue was down 5.3% to $3.22 billion to top expectations of $3.19 billion. For 2024, the company affirmed its revenue guidance range of $92 billion to $94.5 billion, and its capital expenditure plans of $4.5 billion. The stock has gained has lost 7.6% year to date through Monday, while shares of rival FedEx Corp. <a href=\"https://laohu8.com/S/FDX\">$(FDX)$</a> have gained 6.8% and the S&amp;P 500 index  has advanced 5.1%. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 23, 2024 06:10 ET (10:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-23 18:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy\n\n\n     Shares of United Parcel Service Inc. $(UPS)$ rose 1.8% in premarket trading Tuesday, after the package ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDX","symbol_name":"联邦快递","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429164359","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429164359","pubTimestamp":1713867000,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of United Parcel Service Inc.  rose 1.8% in premarket trading Tuesday, after the package delivery giant reported first-quarter profit that beat expectations, while revenue fell a bit shy. Net income fell to $1.11 billion, or $1.30 a share. Excluding nonrecurring items, adjusted earnings per share of $1.43 fell 35% from the same period a year ago but beat the FactSet consensus of $1.28. Total revenue declined 5.3% to $21.7 billion, below the FactSet consensus of $21.84 billion. U.S. domestic package revenue was down 5% to $14.23 billion to miss the FactSet consensus of $14.43 billion, as average daily volume decreased 3.2%. International revenue fell 6.3% to $4.26 billion to miss expectations of $4.31 billion and supply chain revenue was down 5.3% to $3.22 billion to top expectations of $3.19 billion. For 2024, the company affirmed its revenue guidance range of $92 billion to $94.5 billion, and its capital expenditure plans of $4.5 billion. The stock has gained has lost 7.6% year","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FDX":"联邦快递","UPS":"联合包裹"},"translate_title":"UPS股价上涨，利润下降，但超出预期，而收入略有下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPS":1,"FDX":0.9},"content_text":"MW UPS' stock rises as profit fell but beat expectations, while revenue came up a bit shy\n\n\n     Shares of United Parcel Service Inc. $(UPS)$ rose 1.8% in premarket trading Tuesday, after the package delivery giant reported first-quarter profit that beat expectations, while revenue fell a bit shy. Net income fell to $1.11 billion, or $1.30 a share. Excluding nonrecurring items, adjusted earnings per share of $1.43 fell 35% from the same period a year ago but beat the FactSet consensus of $1.28. Total revenue declined 5.3% to $21.7 billion, below the FactSet consensus of $21.84 billion. U.S. domestic package revenue was down 5% to $14.23 billion to miss the FactSet consensus of $14.43 billion, as average daily volume decreased 3.2%. International revenue fell 6.3% to $4.26 billion to miss expectations of $4.31 billion and supply chain revenue was down 5.3% to $3.22 billion to top expectations of $3.19 billion. For 2024, the company affirmed its revenue guidance range of $92 billion to $94.5 billion, and its capital expenditure plans of $4.5 billion. The stock has gained has lost 7.6% year to date through Monday, while shares of rival FedEx Corp. $(FDX)$ have gained 6.8% and the S&P 500 index  has advanced 5.1%. \n\n\n     -Tomi Kilgore \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 23, 2024 06:10 ET (10:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429164359"}