Company news: UPS (UPS) quarterly results beat analysts’ forecasts

UPS (UPS) reported Q3 FY2024 earnings of $1.76 per share (versus $1.57 per share in Q3 FY2023), beating analysts’ consensus estimate of $1.63 per share.

The company’s quarterly revenues amounted to $22.200 bln (+5.4% y/y), marginally beating analysts’ consensus estimate of $22.101 bln.

The company also issued downside revenue guidance for FY2024 of ~$91.1 bln versus analysts’ consensus estimate of $91.77 bln.

UPS rose to $141.10 (+7.37%) in pre-market trading.