UPS Surpasses Q1 Earnings Estimates, Reaffirms 2024 Guidance

United Parcel Service, Inc. (UPS) first-quarter 2024 earnings per share of $1.43 beat the Zacks Consensus Estimate of$1.33 but declined 35% year over year. Revenues of $21,706 million fell short of the Zacks Consensus Estimate of$21,960.6 million and decreased 5.3% year over year.UPS generated $3,316 million of net cash from operating activities in the first quarter. Capital expenditures were$1,035 million. Free cash flow was $2,280 million.U.S. Domestic Package revenues decreased 5$1 ...