UPS Reaffirms Full-Year 2024 Financial Guidance; Consolidated Revenue Of $92B-$94.5B, Est $93.03B
Portfolio Pulse from Benzinga Newsdesk
UPS has reaffirmed its full-year 2024 financial guidance, projecting consolidated revenue between $92B-$94.5B, closely aligning with the estimated $93.03B. The company also expects an adjusted operating margin of 10.0% to 10.6% and plans for capital expenditures of approximately $4.5 billion.
April 23, 2024 | 10:03 am
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UPS reaffirms its 2024 financial outlook with expected revenues of $92B-$94.5B, adjusted operating margins of 10.0%-10.6%, and capital expenditures of $4.5B.
Reaffirming its financial guidance, especially when it aligns closely with market estimates, typically instills confidence in investors and can positively influence the stock price. The detailed financial projections and commitment to capital expenditures suggest a stable and potentially growth-oriented outlook for UPS.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100