Yahoo Finance United Parcel Service First Quarter 2024 Earnings: Revenues Disappoint
United Parcel Service (NYSE:UPS) First Quarter 2024 Results
Key Financial Results
Revenue: US$21.7b (down 5.3% from 1Q 2023).
Net income: US$1.11b (down 41% from 1Q 2023).
Profit margin: 5.1% (down from 8.3% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$1.30 (down from US$2.20 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
United Parcel Service Revenues Disappoint
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Logistics industry in the US.
Performance of the American Logistics industry.
The company's shares are up 4.7% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for United Parcel Service (1 is a bit unpleasant!) that you should be aware of before investing here.
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