UPS - UPS Q4 Revenue Dips In Key Segments Raises Dividend Issues Sub Par 2024 Outlook | Benzinga
United Parcel Service Inc (NYSE: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.
Consolidated operating profit was $2.5 billion, down 22.5% Y/Y, and down 27.1% on an adjusted basis.
U.S. Domestic Segment revenue fell 7.3% Y/Y to $16.92 billion, driven by a 7.4% decrease in average daily volume. The adjusted operating margin ...