United Parcel Service Q1 2024 Adj EPS $1.43 Beats $1.30 Estimate, Sales $21.700B Miss $21.865B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Parcel Service (UPS) reported Q1 2024 adjusted earnings of $1.43 per share, surpassing the $1.30 estimate, but saw a 35% decrease from the previous year's $2.20. Sales reached $21.700 billion, missing the $21.865 billion estimate and marking a 5.34% decrease from the previous year.
April 23, 2024 | 10:01 am
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NEUTRAL IMPACT
UPS reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations and both earnings and sales down YoY.
The mixed results with an earnings beat but a miss on sales and year-over-year declines in both metrics could lead to uncertain short-term stock price movements. Investors might react positively to the earnings beat, but concerns over declining sales and earnings could temper gains.
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IMPORTANCE 90
RELEVANCE 100