UPS: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 06:12 AM ET
Last Updated - Oct 24, 2024, 06:12 AM EDT
ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Thursday reported third-quarter net income of $1.54 billion.
The Atlanta-based company said it had profit of $1.80 per share. Earnings, adjusted for non-recurring gains, were $1.76 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The package delivery service posted revenue of $22.25 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $22.26 billion.
