SA: UPS delivers mixed earnings result, downbeat revenue outlook

SEEKING ALPHA reports:

United Parcel Service (NYSE:UPS) Q4 results were colored by both cost saving efforts and volume declines.

For the fourth quarter, the transportation company notched $3.62 in earnings per share, narrowly beating consensus estimates. Management also highlighted margin performance success and projected 12.8% to 13.6% for the full year, in-line with the 13.2% estimate.

“For the year, we reached our targeted consolidated operating margin and return on invested capital goals one year earlier than originally anticipated,” CEO Carol Tomé said. “Our results in 2022 demonstrate our strategy is working.”

The full post is here:

Also worth a read: “UPS raises dividend by 6.6% to $1.62, approves new $5B buyback program“.

The official statement is here.

Stock up 1.3% to $179.25 in pre-market trade.

Conf call to take place at 8.30 EST.

PS: Stock up to $185.23, +4.7% (FDX: +5.36%), at the end of the day.