=UPS (UPS) reported earnings on Tue 25 Apr 23 (b/o)

 

UPS misses by $0.01, reports revs in-line; guides FY23 revs below consensus

• Reports Q1 (Mar) earnings of $2.20 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $2.21; revenues fell 6.0% year/year to $22.93 bln vs the $22.98 bln S&P Capital IQ Consensus.
• Co lowers guidance for FY23, sees FY23 revs of around $97.0 bln from $97.0 bln to $99.4 bln vs. $98.25 bln S&P Capital IQ Consensus.
  • Buybacks expected around $3 bln.