UPS beats earnings expectations, raises full-year guidance

UPS electric vehicle delivery van on 13th September 2023 in Cirencester, United Kingdom. Mike Kemp | In Pictures | Getty ImagesUnited Parcel Service on Tuesday posted second-quarter earnings results that beat Wall Street expectations and raised its full-year outlook.Shares of the delivery giant rose slightly in premarket trading.Here's how the company performed in its second quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.76 adjusted vs. $1.66 expectedRevenue: $22.8 billion vs. $21.81 billion expectedFor the quarter ended June 30, UPS reported net income of $604 million, or 71 cents per share, down significantly from $1.28 billion, or $1.51 per share, in the year-ago period. Adjusting for one-time items, the company reported a profit of $1.5 billion, or $1.76 per share. The company also raised its full-year 2026 guidance, now expecting consolidated revenue of $91.2 billion and adjusted diluted EPS of roughly $7.22 per share. "Our second-quarter results marked an expected and significant shift in our performance and we delivered both consolidated revenue and non-GAAP adjusted operating profit growth," CEO Carol Tomé...