United Parcel Service Q4 Adj. EPS $2.47, Inline, Sales $24.92B Miss $25.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Parcel Service (UPS) reported Q4 adjusted earnings of $2.47 per share, meeting analyst estimates but marking a 31.77% decrease from the previous year. Quarterly sales were $24.92B, missing the $25.48B estimate and showing a 7.83% decrease from the prior year.
January 30, 2024 | 11:02 am
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NEGATIVE IMPACT
UPS met Q4 EPS estimates but reported a significant decrease in earnings and a miss in revenue expectations, indicating potential challenges ahead.
Meeting EPS estimates typically doesn't move the stock price significantly, but the year-over-year decrease in earnings and the revenue miss are negative indicators that could lead to a short-term decline in UPS's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100