UPS rises after raising annual profit and revenue forecasts
UPS•United Parcel Service raised its FY26 adjusted profit-per-share forecast to about $7.28 from $7.22 and its annual revenue projection to $92.6 billion from $91.2 billion. Its shares rose about 2% in premarket trading.
1. Raised outlook
United Parcel Service lifted its FY26 adjusted profit-per-share forecast to about $7.28, compared with $7.22 forecast in July, and raised its annual revenue projection to $92.6 billion from $91.2 billion.
2. Shipment mix supports margins
Higher-paying international air shipments aided margins after UPS decided to cut millions of lower-margin deliveries for its largest customer, Amazon.com. UPS shares were up about 2% at $102.30 in premarket trading.
