UPS Exceeds Earnings Expectations and Raises Full-Year Guidance
United Parcel Service (UPS) reported second-quarter earnings that exceeded Wall Street expectations, with adjusted earnings per share of $1.76 compared to the expected $1.66. The company also generated revenue of $22.8 billion against an estimated $21.81 billion. Despite a decline in net income from $1.28 billion last year to $604 million this quarter, UPS raised its full-year 2026 guidance for consolidated revenue and adjusted diluted EPS. UPS CEO Carol Tomé highlighted the company's strong performance as part of an ongoing turnaround strategy focused on automation and expanding into markets like healthcare logistics. The firm now expects annual revenue to reach $91.2 billion in fiscal year 2026, with adjusted earnings per share projected at around $7.22. The positive results led to a slight rise in UPS shares during premarket trading.
Tickers: $UPS