UPS forecasts 2025 revenue below estimates
ReutersJan 30, 2025 11:04 AM
Jan 30 (Reuters) - - United Parcel Service UPS.N said on Thursday it expects 2025 revenue below Wall Street estimates, as gains from cost cuts are outweighed by customers continuing to opt for cheaper, slower ground-based deliveries from more profitable air-based services.
The world's largest package delivery firm forecast full-year revenue of $89 billion, compared with analysts' average estimate of $94.88 billion, as per LSEG data.
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