UPS beats by $0.05, misses on revs; guides FY23 revs below consensus (146.93)
- Reports Q3 (Sep) earnings of $1.57 per share, $0.05 better than the FactSet Consensus of $1.52; revenues fell 12.8% year/year to $21.06 bln vs the $21.4 bln FactSet Consensus.
- Co issues downside guidance for FY23, sees FY23 revs of $91.3-92.3 bln vs. $92.87 bln FactSet Consensus.
- Co sees consolidated adjusted operating margin of between 10.8% and 11.3%.
- The company is maintaining its full-year planned capital expenditures target of about $5.3 billion and dividend payment expectations of around $5.4 billion, subject to board approval