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Lindsey Nicholson

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UPS exceeds profit expectations and raises operating margin forecast for 2023

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.
CNBC
United States Dollar FedEx Corporation United Parcel Service, Inc. USA Lindsey Nicholson Shein Temu
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12:10 24.10.2024
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