United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations and cut its 2024 revenue guidance.
UPS now expects 2024 revenue to be approximately $93 billion, revised from a previous forecast for as much as $94.5 billion.
Adjusting for the impact of settling an "international regulatory matter," UPS posted earnings of $1.79 per share.
The company reported operating profit of $1.94 billion, down from $2.78 billion a year earlier.
Correction: UPS reported second-quarter profit and revenue on Tuesday.
Persons:
Carol Tomé
Organizations:
Parcel Service, UPS, Logistics, RXO Logistics, LSEG, Revenue, Investors, United States Postal Service, FedEx, USPS
Locations:
U.S