United Parcel Service Revises FY24 Revenue Outlook To $93B Vs. $92.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Parcel Service (UPS) has revised its FY24 revenue outlook to $93 billion, slightly above the $92.79 billion estimate. The company also provided updates on its financial targets, including a consolidated adjusted operating margin of 9.4%, capital expenditures of $4 billion, and $500 million in share repurchases.
July 23, 2024 | 10:06 am
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United Parcel Service (UPS) has updated its FY24 revenue outlook to $93 billion, slightly above the $92.79 billion estimate. The company also targets a 9.4% operating margin, $4 billion in capital expenditures, and $500 million in share repurchases.
The revised revenue outlook and financial targets indicate a positive outlook for UPS, which is likely to boost investor confidence. The slight increase in revenue projection, along with clear targets for operating margin, capital expenditures, and share repurchases, suggests strong financial management and potential for growth.
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