UPS' revenue up 1.5% to $25.3B in Q4 - Breaking The News
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UPS' revenue up 1.5% to $25.3B in Q4

EPA-EFE/JUSTIN LANE

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.

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