New York
Mahaz News
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UPS reported a document revenue for 2022 as its income reached $100 billion for the primary time.
The firm earned $3.2 billion within the fourth quarter, little modified from a yr in the past and barely higher than analysts surveyed by Refinitiv have been anticipating. But it was sufficient to raise full-year earnings to $11.3 billion, up from the earlier document of $10.7 billion a yr in the past.
The firm has loved three years of fast progress as on-line buying surged throughout the pandemic. But the corporate warned it expects barely decrease income and tighter revenue margins for 2023.
Shares of UPS slipped barely in pre-market buying and selling.
– This is a growing story
Source web site: www.cnn.com
