anonymous23456
Well-Known Member
Stock price
139.39 USD−7.54 (5.13%) today
-------------------------------------------
UPS earned adjusted net income of $1.3 billion in the quarter, or $1.57 a share. That’s down 48% from a year ago but slightly better than the forecast of $1.52 a share forecast by analysts surveyed by Refinitiv.
Three months ago, just after the tentative deal was reached with the Teamsters, it said it expected full-year revenue of $93 billion and an adjusted operating margin of around 11.8%.
On Thursday it said it now is looking for revenue between $91.3 billion and $92.3 billion and a consolidated adjusted operating margin of between 10.8% and 11.3%.
The company attributed this lowered guidance to global macroeconomic uncertainty, not the lost business associated with the labor negotiations and cost of the new deal. UPS is something of an economic bellwether, as its trucks move an estimated 6% of US gross domestic product and 3% of global GDP, the broadest measure of economic activity.
139.39 USD−7.54 (5.13%) today
-------------------------------------------
UPS earned adjusted net income of $1.3 billion in the quarter, or $1.57 a share. That’s down 48% from a year ago but slightly better than the forecast of $1.52 a share forecast by analysts surveyed by Refinitiv.
Three months ago, just after the tentative deal was reached with the Teamsters, it said it expected full-year revenue of $93 billion and an adjusted operating margin of around 11.8%.
On Thursday it said it now is looking for revenue between $91.3 billion and $92.3 billion and a consolidated adjusted operating margin of between 10.8% and 11.3%.
The company attributed this lowered guidance to global macroeconomic uncertainty, not the lost business associated with the labor negotiations and cost of the new deal. UPS is something of an economic bellwether, as its trucks move an estimated 6% of US gross domestic product and 3% of global GDP, the broadest measure of economic activity.
