United Parcel Service Q2 2024 Adj EPS $1.79 Misses $1.99 Estimate, Sales $21.820B Miss $22.183B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Parcel Service (UPS) reported Q2 2024 earnings of $1.79 per share, missing the analyst estimate of $1.99. Sales were $21.820 billion, also below the $22.183 billion estimate. Both earnings and sales decreased compared to the same period last year.
July 23, 2024 | 10:04 am
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UPS reported Q2 2024 earnings of $1.79 per share, missing the analyst estimate of $1.99. Sales were $21.820 billion, also below the $22.183 billion estimate. Both earnings and sales decreased compared to the same period last year.
The earnings and sales miss, along with the year-over-year decline in both metrics, are likely to negatively impact UPS's stock price in the short term. Investors typically react unfavorably to such misses, especially when both earnings and sales are below expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100