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HomeBusinessUPS Shares Plunge 8 percent on Guidance Miss

UPS Shares Plunge 8 percent on Guidance Miss

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UPS (NYSE:UPS) announced its fourth-quarter results today, which showed a mix of hits and misses, alongside guidance that fell short of analysts’ expectations. Shares dropped more than 8% pre-market on Tuesday.
The company reported an adjusted earnings per share (EPS) of $2.47, aligning with the consensus among analysts. However, its quarterly revenue was $24.92 billion, a decrease of 7.8% year-over-year and below the anticipated $25.41 billion.
The revenue decline was evident across various segments. In the U.S., package revenue fell by 7.3% year-over-year to $16.92 billion, which was lower than the expected $17.41 billion. International package revenue also saw a decline of 6.9% year-over-year to $4.61 billion, falling short of the forecasted $4.66 billion. Furthermore, the Supply Chain Solutions segment experienced an 11% year-over-year drop in revenue to $3.40 billion, though this was marginally higher than the estimated $3.37 billion.
For the full year of 2024, UPS anticipates its revenue to range between $92.0 billion and $94.5 billion, with a consolidated adjusted operating margin estimated to be between roughly 10.0% and 10.6%. This projection is below the analyst consensus of $95.6 billion in full-year sales.

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