UPS beats estimates, shares jump on turnaround | JQJO

UPS topped Wall Street expectations ahead of the holidays, sending shares up 10% premarket. The company posted adjusted EPS of $1.74 on $21.4 billion in revenue, and net income of $1.31 billion, down from $1.99 billion a year ago. UPS detailed a sweeping turnaround: 34,000 job cuts, reduced Amazon work, a five‑property sale‑leaseback yielding a $330 million gain, and closure of 93 sites, driving $2.2 billion in savings so far and targeting $3.5 billion in 2025. It guided Q4 revenue to $24 billion with an 11%–11.5% operating margin, calling the shift its most significant yet.