2023-03-07 16:33:28 ET
United Parcel Service ( NYSE: UPS ) backed its prior guidance in a new SEC filing late on Tuesday.
The shipper said it still sees full-year revenue of $97.0B to $99.4B vs. $98.3M consensus. UPS also guided for a full-year adjusted operating margin of 12.8% to 13.6% vs. 13.3% consensus. In terms of capital expenditure spending, UPS sees doling out about $5.30B vs. $5.28B consensus.
UPS also disclosed that it will sell $529M worth of senior notes due in 2073 with a floating rate.
Shares of UPS have poked a 4.56% year-to-date gain to just edge out the return of the S&P 500 Index. The return trails the +16% gain for rival FedEx ( FDX ). UPS also is behind FedEx on the 52-week comparison by a wide margin. In the postmarket session, UPS traded flat at $183.28.
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UPS reaffirms full-year guidance, preps to sell 50-year senior notes