Categories AlphaGraphs, Earnings, Industrials

UPS Earnings: United Parcel Service Q1 2024 revenue and earnings fall

United Parcel Service, Inc. (NYSE: UPS) Tuesday reported lower revenues and adjusted profit for the first quarter of 2024. The company reaffirmed its full-year 2024 guidance.

United Parcel Service Q1 2024 earnings infographic

On an adjusted basis, March-quarter profit dropped 35% annually to $1.43 per share. Unadjusted net income was $1.11 billion or $1.30 per share in Q1, compared to $1.90 billion or $2.19 per share in the same period of 2023.

The weak bottom line performance reflects a 5% decrease in first-quarter revenues to $21.7 billion. US Domestic revenues and International revenues decreased by 5% and 6% respectively.

“Our financial performance in the first quarter was in line with our expectations, and average daily volume in the U.S. showed improvement through the quarter. Looking ahead, we expect to return to volume and revenue growth,” said Carol Tome, CEO of UPS.

Prior Performance

  • United Parcel Service Q4 2023 earnings infographic

Most Popular

AZO Earnings: AutoZone reports higher sales and profit for Q3 2024

Automotive parts retailer AutoZone, Inc. (NYSE: AZO) on Tuesday said its third-quarter net sales and earnings increased modestly from last year. The company reported net sales of $4.24 billion for the

Infographic: Key highlights from Macy’s (M) Q1 2024 earnings results

Macy’s, Inc. (NYSE: M) reported first quarter 2024 earnings results today. Net sales decreased 2.7% year-over-year to $4.8 billion. Comparable sales were down 1.2% on an owned basis and down

Here are a few reasons why Beyond Meat (BYND) appears to be beyond hope

Shares of Beyond Meat, Inc. (NASDAQ: BYND) rose over 1% on Monday. The stock has dropped 18% year-to-date. The company delivered disappointing results for the first quarter of 2024 and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top