United Parcel Service said on Tuesday it has cut 34,000 jobs over the first nine months of this year. ...

Core Insights - United Parcel Service (UPS) shares increased by over 10% in premarket trading following a stronger-than-expected third-quarter profit report [1] Financial Performance - UPS reported a third-quarter profit that exceeded analysts' expectations, contributing to the surge in share price [1] Market Reaction - The significant rise in UPS shares indicates positive investor sentiment and confidence in the company's financial health following the earnings announcement [1]

Core Insights - The company announced a workforce reduction during its earnings announcement, which led to a significant increase in its share price by more than 12% [1] Company Summary - The workforce reduction was disclosed in the context of an earnings announcement [1] - Following the announcement, the company's shares experienced a notable rise, indicating positive market reaction [1]

The company disclosed the workforce reduction in an earnings announcement. Shares rose more than 12% in premarket trading. ...

Financial Performance - Consolidated revenue decreased by 3.7% year-over-year, from $22.245 billion in 3Q24 to $21.415 billion in 3Q25[23] - Non-GAAP adjusted operating profit increased by 7.5% year-over-year, from $1.983 billion in 3Q24 to $2.132 billion in 3Q25[23] - Non-GAAP adjusted operating margin increased by 110 basis points year-over-year, from 8.9% in 3Q24 to 10.0% in 3Q25[23] - Non-GAAP adjusted diluted EPS decreased by 1.1% year-over-year, from $1.76 in 3Q24 to $1.74 in 3Q25[23] - The company expects to end the year with approximately $5.0 billion in cash following the completion of the Andlauer Healthcare Group acquisition[52] Segment Performance - U S Domestic revenue decreased by 2.6% year-over-year, with revenue of $14.2 billion in 3Q25 compared to $14.6 billion in 3Q24[38, 39] - U S Domestic revenue per piece (RPP) improved by 9.8% year-over-year[23, 40] - International revenue increased by 5.9% year-over-year, from $4.4 billion in 3Q24 to $4.7 billion in 3Q25[45] - Supply Chain Solutions revenue decreased by 22.1% year-over-year, from $3.2 billion in 3Q24 to $2.5 billion in 3Q25, with $465 million of the decrease due to the divestiture of Coyote in 3Q24[46] - Supply Chain Solutions non-GAAP adjusted operating profit increased by 97.1% year-over-year, from $272 million in 3Q24 to $536 million in 3Q25, including a $330 million gain from a sale-leaseback transaction[46, 15] Operational Updates and Outlook - Amazon's total volume was down 21.2% year-over-year in 3Q25[27, 51] - The company is on track to achieve its 2025 expense reduction target of approximately $3.5 billion related to the Amazon volume glide-down[49, 50] - The company anticipates consolidated revenue of approximately $24.0 billion and a non-GAAP adjusted operating margin of approximately 11.0%-11.5% for 4Q25[31, 54]

Core Insights - United Parcel Service (UPS) reported better-than-expected results, indicating progress in its efforts to rebuild margins and stabilize volumes after a challenging year [1][2] - The company's shares rose 12.1% in premarket trading, reflecting positive investor sentiment following the earnings report [1] - UPS projected fourth-quarter revenue of approximately $24 billion, surpassing analysts' expectations of $23.8 billion [2] Financial Performance - UPS reported an adjusted profit of $1.74 per share for the three months ended September 30, exceeding analysts' average expectations of $1.30 [7] - The company achieved consolidated revenue of $21.41 billion, which was above the expected $20.83 billion [7] - The adjusted consolidated operating margin improved to 10%, up from 8.8% in the second quarter [7] Strategic Initiatives - UPS is focusing on rate hikes, cost cuts, and prioritizing high-margin shipments to stabilize its business ahead of the holiday season [3] - The company is reducing the number of packages delivered for its largest customer, Amazon.com, to enhance profit margins [4] - UPS is undergoing a significant overhaul aimed at cutting $3.5 billion in costs by 2025, which includes closing hundreds of facilities and reducing its workforce [6] Market Context - The peak holiday shipping season, which can see UPS's daily average volumes double, runs from November to the end of January [5] - UPS's performance is contrasted with FedEx, which has also been cutting costs to protect margins and recently reported quarterly results above expectations [6]

分组1 - UPS reported quarterly earnings of $1.74 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, but down from $1.76 per share a year ago, representing an earnings surprise of +32.82% [1] - The company posted revenues of $21.42 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.78%, but down from $22.25 billion year-over-year [2] - UPS has surpassed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates three times as well [2] 分组2 - UPS shares have declined approximately 29.3% since the beginning of the year, contrasting with the S&P 500's gain of 16.9% [3] - The current consensus EPS estimate for the upcoming quarter is $2.04 on revenues of $23.74 billion, and for the current fiscal year, it is $6.46 on revenues of $87.44 billion [7] - The Zacks Industry Rank for Transportation - Air Freight and Cargo is currently in the bottom 10% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]

Market Overview - US stock index futures are all up before the market opens, with Dow futures rising by 0.27%, S&P 500 futures up by 0.03%, and Nasdaq futures increasing by 0.12% [1] - European indices show mixed results, with Germany's DAX up by 0.16%, UK's FTSE 100 down by 0.07%, France's CAC40 up by 0.14%, and Europe's Stoxx 50 up by 0.16% [2] - WTI crude oil prices fell by 1.24% to $60.55 per barrel, while Brent crude oil dropped by 1.17% to $64.14 per barrel [3] Key Market Events - President Trump is hosting a dinner in Tokyo with business leaders, including OpenAI and Salesforce CEO Marc Benioff, to celebrate Japan's significant investment in the US, amounting to $550 billion [4] - Japan's government has unveiled a $550 billion investment plan targeting sectors such as nuclear energy, AI, and semiconductors, which is expected to act as a major catalyst for the ongoing US stock market bull run [5] Company News - PayPal has signed an agreement with OpenAI to integrate its digital wallet into ChatGPT, allowing users to make payments directly through the AI tool. PayPal's Q3 revenue reached $8.417 billion, exceeding expectations [7] - NXP Semiconductors reported a 2% year-over-year decline in Q3 revenue to $3.17 billion but provided positive guidance for Q4, indicating a potential return to revenue growth [7] - Nomura's net profit fell by 6% in Q2, but strong performance in stock trading revenue is seen as a positive catalyst for the Japanese brokerage [8] - Novartis reported a 6% increase in operating profit for Q3, driven by new drug sales that offset the impact of the patent expiration of its heart drug Entresto [9] - Shengda Technology announced a core operating profit of $2.5 million for H1 2025, with its new energy vehicle insurance business growing by 111% [10] - UnitedHealth exceeded Q3 expectations and raised its full-year profit guidance, with a Q3 medical loss ratio of 89.9% [11] - Amazon plans to cut approximately 14,000 corporate jobs as part of its ongoing restructuring efforts influenced by AI advancements [12][13] Economic Data and Events - Upcoming economic data includes the US Conference Board Consumer Confidence Index for October, scheduled for release at 22:00 Beijing time [14] - API crude oil inventory changes for the week ending October 24 will be reported at 04:30 Beijing time [15]

Core Insights - United Parcel Service (UPS) exceeded analysts' profit expectations for Q3 and forecasted revenue above Wall Street's expectations for the holiday season, relying on price increases to counteract weak business-to-business demand in the U.S. [1][2] - UPS's shares rose 8.9% in premarket trading, while rival FedEx gained 2.5%. However, UPS shares have declined approximately 28% since the beginning of the year [1]. Financial Performance - UPS projected fourth-quarter revenue to be around $24 billion, surpassing analysts' average expectation of $23.8 billion [2]. - The company reported an adjusted profit of $1.74 per share for the three months ending September 30, exceeding analysts' average expectation of $1.30 [6]. - Consolidated revenue for UPS was $21.41 billion, above the expected $20.83 billion [6]. - The adjusted consolidated operating margin was 10%, an increase from 8.8% in Q2, while the domestic segment margin decreased to 6.4% from 7% in Q2 [7]. Strategic Initiatives - UPS is focusing on rate hikes, cost reductions, and prioritizing high-margin shipments to stabilize its business ahead of the holiday season [3]. - The company is reducing the number of packages delivered for its largest customer, Amazon, to enhance profit margins [4]. - UPS is undergoing a significant overhaul to cut $3.5 billion in costs by 2025, which includes closing hundreds of facilities and reducing its workforce [6]. Market Context - The peak holiday shipping season, when UPS's daily average volumes can double, runs from November to the end of January [5].

Core Insights - United Parcel Service (UPS) reported third-quarter earnings that exceeded Wall Street's expectations, with a net income of $1.31 billion or $1.55 per share, down from $1.99 billion or $1.80 per share year-over-year [1][4] - The company's shares surged nearly 10% in premarket trading following the earnings report [1] - UPS anticipates fourth-quarter revenue of $24 billion with an operating margin between 11% and 11.5% [2] Financial Performance - Adjusted profit for the third quarter was $1.48 billion or $1.74 per share, surpassing the expected $1.30 per share [1][4] - Revenue for the third quarter was reported at $21.4 billion, exceeding the expected $20.83 billion [4] Strategic Initiatives - UPS has implemented a turnaround plan, which includes a workforce reduction of 34,000 jobs, exceeding the previous estimate of 20,000 [2] - The company initiated a sale-leaseback transaction for five properties, resulting in a $330 million pre-tax gain in its supply chain solutions division [3] Leadership Commentary - CEO Carol Tomé emphasized that the company is executing a significant strategic shift aimed at delivering long-term value for stakeholders and is prepared for an efficient holiday shipping season [4]