UPS - UPS Delivers Mixed Bag Of Q1 Results Maintains Guidance Despite Lower Volumes | Benzinga
United Parcel Service Inc (NYSE:UPS) shares are trading slightly higher after it reported first-quarter FY24 results.
Revenue declined 5.3% Y/Y to $21.7 billion, missing the consensus of $21.9 billion.
Adjusted EPS was $1.43, down from $2.20 in the prior-year quarter, beating the consensus of $1.30.
Consolidated operating profit was $1.6 billion, down 36.5% Y/Y and down 31.5% on an adjusted basis.
U.S. Domestic Segment revenue fell 5.0% Y/Y to $14.2 billion due to a 3.2% decrease in average daily volume. The adjusted operating margin ...