The shares of United Parlia Service (UPS) dropped by 10% in the pre-commercial negotiations Thursday after the navigation giant declared worse results than expected in the fourth quarter.
The company said net profit of $ 1.72 billion, or $ 2.01 per share, out of $ 25.3 billion in income. Analysts expected a profit of $ 2.14 billion, or $ 2.51 per share, on a turnover of $ 25.35 billion, by Visible Alpha.
After withdrawing $ 639 million from charges that were mainly linked to pensions, UPS declared a profit adjusted per share (BPA) of $ 2.75, greater than $ 2.51 per share that analysts expect.
The results have marked a second consecutive quarter of income and profits growth from one year to the next for UPS, which – like the fedex rival shipping (FDX) – resolved several quarters of declins following the record request during The pandemic.
UPS expects 2025 revenues to be around $ 89 billion below the more than $ 95 billion in analysts had projected. The company also said that it was starting “initiatives” of multi -year efficiency “which should generate about $ 1 billion in savings.
UPS shares have come down Thursday about 15% in the last 12 months.
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