The company now anticipates full-year consolidated revenue of approximately $92.6 billion, up from its previous forecast of $91.2 billion
United Parcel Service (UPS) on Tuesday reported third-quarter results that exceeded Wall Street expectations and raised its full-year revenue guidance for the second consecutive quarter. The company now anticipates full-year consolidated revenue of approximately $92.6 billion, up from its previous forecast of $91.2 billion, and projects fourth-quarter revenue of $25.7 billion. UPS shares saw a slight increase in premarket trading. For the third quarter ended September 30, UPS reported net income of $1.16 billion, or $1.37 per diluted share; adjusted earnings per share were $1.69. Domestic segment revenue grew by 4.5%; international segment revenue increased by 7.1%; and Supply Chain Solutions segment revenue rose by 18.2%.
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