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UPS cuts FY24 revenue view to ~$91.1B from ~$93B, consensus $91.85B
The Fly

UPS cuts FY24 revenue view to ~$91.1B from ~$93B, consensus $91.85B

In the third quarter, the company completed the disposition of Coyote Logistics. The expected revenue and profits associated with this business had been included in the company’s previously provided revenue and operating margin targets. For full-year 2024, UPS (UPS) updates its consolidated revenue and operating margin targets, reflecting actual third-quarter results, the impact of the completed Coyote disposition and the company’s outlook for the fourth quarter.

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