UPS - These Analysts Cut Their Forecasts On UPS Following Q4 Results | Benzinga
United Parcel Service, Inc. (NYSE: UPS) reported worse-than-expected fourth-quarter sales results and issued FY24 sales guidance below estimates on Tuesday.
UPS reported a fourth-quarter fiscal 2023 revenue decline of 7.8% year-over-year to $24.92 billion, missing the consensus of $25.43 billion. Adjusted EPS was $2.47, down from $3.62 in Q4 2022, in line with the consensus, according to data from Benzinga Pro.
UPS announced the dismissal of 12,000 employees, representing about 14% of its managerial workforce.
"I want to thank UPSers for providing the ...