UPS Beats Q3 Expectations and Raises Full-Year Revenue Guidance

United Parcel Service reported third-quarter results on Tuesday that surpassed Wall Street expectations for both revenue and earnings per share. The company posted adjusted earnings per share of $1.69, beating the $1.63 forecast, and revenue of $22.9 billion, exceeding the $22.29 billion estimate.

Growth occurred across all business segments, led by an 18.2% increase in supply chain solutions driven by logistics, forwarding, and healthcare. Based on these results, the company increased its full-year consolidated revenue guidance to approximately $92.6 billion, up from a previous estimate of $91.2 billion.

CEO Carol Tomé attributed the performance to a turnaround strategy emphasizing a leaner business model and automation. She stated that the company is entering the holiday shipping season from a position of strength with the most automated and efficient network in its history.