UPS Exceeds Third-Quarter Estimates and Raises Full-Year Revenue Guidance
United Parcel Service (UPS) reported third-quarter financial results that surpassed Wall Street expectations for both revenue and adjusted earnings per share. The company achieved an adjusted EPS of $1.69 against the expected $1.63, with total revenue reaching $22.9 billion, beating the projected $22.29 billion. Driven by growth in international segments and supply chain solutions, UPS has raised its full-year consolidated revenue guidance to approximately $92.6 billion, up from a previous estimate of $91.2 billion. This marks the second consecutive quarter of upward revisions as CEO Carol Tomé continues a strategic turnaround focused on automation and operational efficiency. The company enters the holiday shipping season with increased momentum, despite seasonal declines in domestic volume and shifts in its relationship with Amazon. Growth was particularly notable in the supply chain solutions business, which saw an 18.2% revenue increase led by healthcare logistics.
Topics: earnings beat guidance raise logistics revenue growth
Part of the story UPS Exceeds Third Quarter Estimates Driven by Network Efficiency and Revenue Growth (11 articles)