The United Parcel Service Inc. (UPS) revealed on Thursday that its revenue for the fourth quarter of its fiscal 2024 rose by 1.5% year-on-year to reach $25.3 billion, slightly missing analysts' expectations.
The company's net income stood at $1.7 billion in the reported quarter, while its diluted earnings per share slipped to $2.01. Consolidated operating profit increased by 18.1% from the same period in 2024 to reach $2.9 billion.
"I want to thank all UPSers for their hard work and efforts as we closed out 2024 with an outstanding peak, delivering best-in-class service and strong financial results ahead of our targets for the quarter," CEO Carol Tome stated.
UPS' shares fell by 5.06% during premarket hours after the release of the report to sell for $127.02 apiece at 6:08 am ET.