United Parcel Service (UPS) is a global logistics and package delivery company that provides a wide range of supply chain solutions
It offers transportation services including express delivery, freight shipping, and ground services, catering to both individual consumers and businesses. UPS operates an extensive network of facilities and a fleet of vehicles to ensure efficient and timely delivery of packages and freight across the globe. Additionally, the company provides specialized services such as logistics management, tracking technology, and customs brokerage, aiming to streamline the shipping process and enhance customer satisfaction. Through its commitment to innovative logistics solutions and sustainability initiatives, UPS plays a pivotal role in facilitating commerce and connecting people worldwide.
For the fourth quarter, UPS reported a consolidated revenue of $25.3 billion compared to $24.9 billion last year, falling short of an analyst estimate of $25.42 billion. Earnings per share (EPS) came in at $2.75 versus an estimate of $2.52.
Shares of parcel delivery company UPS (NYSEUPS)
fell 17.6% in the morning session after the company reported weak fourth-quarter results and provided full-year revenue guidance, which missed significantly. Adding to concerns, UPS announced an agreement with its largest customer (Amazon) to cut volume by more than 50% by the second half of 2026, which might be a headwind to future growth. On the other hand, it was encouraging to see United Parcel Service beat analysts' EPS expectations this quarter. Overall, it was a worrisome quarter, and the outlook is weighing on shares.
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Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Parcel delivery company UPS (NYSEUPS) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 1.5% year on year to $25.3 billion. On the other hand, the company’s full-year revenue guidance of $89 billion at the midpoint came in 6.3% below analysts’ estimates. Its non-GAAP profit of $2.75 per share was 8.6% above analysts’ consensus estimates.
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Thursday. Stay informed about the latest market trends.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
FedEx stock is trading lower on Thursday in sympathy with United Postal Service, which fell after it reported 2024 fiscal-year fourth-quarter earnings.
