UPS forecasts 2024 revenue below expectations; shares fall By Reuters


© Reuters. FILE PHOTO: A UPS delivery van is driven long a city street in Garden Grove, California, U.S., March 29, 2022. REUTERS/Mike Blake/File Photo

(Reuters) – United Parcel Service (NYSE:) forecast annual revenue below Wall Street estimates on Tuesday, as lower domestic and international e-commerce demand remained a drag.

The world’s biggest package delivery firm, seen as a bellwether for the U.S. economy, expects 2024 full-year revenue to be in the range of $92.0 billion to $94.5 billion, below analysts’ estimates of $95.57 billion.

The company’s shares were down 5% before the bell

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