UPS Stock Sinks After Revenue Falls Below Forecasts Again, the Full-Year Outlook Disappoints-To The Moon - Tiger Brokers Online Investing Community - To The Moon

1
Comment
Favorite

UPS Stock Sinks After Revenue Falls Below Forecasts Again, the Full-Year Outlook Disappoints

Dow Jones01-30

Shares of United Parcel Service Inc. sank 4.5% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and provided a downbeat 2024 outlook, amid weakness in both the U.S. domestic and international businesses.

Net income dropped to $1.61 billion, or $1.87 a share, from $3.45 billion, or $3.96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.47 topped the FactSet consensus of $2.46. Revenue fell 7.8% to $24.92 billion, to miss the FactSet consensus of $25.40 billion, to mark the sixth-straight quarter that revenue missed forecasts.

Among UPS’ business segments, U.S. domestic package revenue declined 7.3% to $16.92 billion, below the FactSet consensus of $17.39 billion, while international revenue was down 6.9% to $4.61 billion to miss expectations of $4.64 billion.

Looking ahead, the company expects 2024 revenue of $92.0 billion to $94.5 billion, which is below the current FactSet consensus of $95.51 billion.

The stock has gained 13.9% over the past three months through Monday, while the Dow Jones Transportation Average has rallied 15.3% and the Dow Jones Industrial Average has advanced 16.4%.

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.

1

Report

Comment

empty

No comments yet

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1118040889?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-30 19:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1118040889","market":"us","top_or_hot":-1,"title":"UPS Stock Sinks After Revenue Falls Below Forecasts Again, the Full-Year Outlook Disappoints","media":"Dow Jones","content":"<html><head></head><body><p>Shares of United Parcel Service Inc. sank 4.5% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and provided a downbeat 2024 outlook, amid weakness in both the U.S. domestic and international businesses. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c14e365e74ce89e937bd1810ffd768e\" tg-width=\"847\" tg-height=\"621\"/></p><p>Net income dropped to $1.61 billion, or $1.87 a share, from $3.45 billion, or $3.96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.47 topped the FactSet consensus of $2.46. Revenue fell 7.8% to $24.92 billion, to miss the FactSet consensus of $25.40 billion, to mark the sixth-straight quarter that revenue missed forecasts. </p><p>Among UPS’ business segments, U.S. domestic package revenue declined 7.3% to $16.92 billion, below the FactSet consensus of $17.39 billion, while international revenue was down 6.9% to $4.61 billion to miss expectations of $4.64 billion. </p><p>Looking ahead, the company expects 2024 revenue of $92.0 billion to $94.5 billion, which is below the current FactSet consensus of $95.51 billion. </p><p>The stock has gained 13.9% over the past three months through Monday, while the Dow Jones Transportation Average has rallied 15.3% and the Dow Jones Industrial Average has advanced 16.4%.</p></body></html>","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 Sinks After Revenue Falls Below Forecasts Again, the Full-Year Outlook Disappoints</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 Sinks After Revenue Falls Below Forecasts Again, the Full-Year Outlook Disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 19:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4059897-ups-non-gaap-eps-of-2_47-beats-0_01-revenue-of-24_9b-misses-510m><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of United Parcel Service Inc. sank 4.5% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and ...</p>\n\n<a href=\"https://seekingalpha.com/news/4059897-ups-non-gaap-eps-of-2_47-beats-0_01-revenue-of-24_9b-misses-510m\">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":"UPS","symbol_name":"联合包裹","start_time":0,"source_url":"https://seekingalpha.com/news/4059897-ups-non-gaap-eps-of-2_47-beats-0_01-revenue-of-24_9b-misses-510m","article_id":"1118040889","we_media_id":"1012688067","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118040889","pubTimestamp":1706612610,"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":1,"id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of United Parcel Service Inc. sank 4.5% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and provided a downbeat 2024 outlook, amid weakness in both the U.S. domestic and international businesses. Net income dropped to $1.61 billion, or $1.87 a share, from $3.45 billion, or $3.96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.47 topped the Fac","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UPS":"联合包裹"},"translate_title":"UPS股价下跌，营收再次低于预期，全年前景令人失望","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPS":1.1},"content_text":"Shares of United Parcel Service Inc. sank 4.5% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and provided a downbeat 2024 outlook, amid weakness in both the U.S. domestic and international businesses. Net income dropped to $1.61 billion, or $1.87 a share, from $3.45 billion, or $3.96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.47 topped the FactSet consensus of $2.46. Revenue fell 7.8% to $24.92 billion, to miss the FactSet consensus of $25.40 billion, to mark the sixth-straight quarter that revenue missed forecasts. Among UPS’ business segments, U.S. domestic package revenue declined 7.3% to $16.92 billion, below the FactSet consensus of $17.39 billion, while international revenue was down 6.9% to $4.61 billion to miss expectations of $4.64 billion. Looking ahead, the company expects 2024 revenue of $92.0 billion to $94.5 billion, which is below the current FactSet consensus of $95.51 billion. The stock has gained 13.9% over the past three months through Monday, while the Dow Jones Transportation Average has rallied 15.3% and the Dow Jones Industrial Average has advanced 16.4%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}