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United Parcel Service (UPS) exceeded quarterly profit expectations and raised its full-year adjusted operating margin forecast after divesting its Coyote Logistics business. The company reported a 6.5% increase in average daily volumes in the U.S. for the third quarter, with an adjusted profit per share of $1.76, surpassing analysts' estimates. UPS anticipates profitability from its newly acquired USPS air cargo contract in its first year.
Lindsey Nicholson
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UPS exceeds profit expectations and raises operating margin forecast for 2023
12:10 24.10.2024
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