Company news: UPS (UPS) quarterly earnings beat analysts’ estimates

UPS (UPS) reported Q1 FY2024 earnings of $1.43 per share (versus $2.20 per share in Q1 FY2023), beating analysts’ consensus estimate of $1.30 per share.

The company’s quarterly revenues amounted to $21.700 bln (-5.30% y/y), slightly missing analysts’ consensus estimate of $21.843 bln.

The company also issued in-line guidance for FY2024, seeing revenues of $92.0-94.5 bln versus analysts’ consensus estimate of $93.05 bln.

UPS rose to $148.50 (+2.16%) in pre-market trading.