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UPS raises annual profit, revenue forecasts as higher-paying shipments boost margin

Reuters

(Corrects to ‌add dropped word 'profit' in ​paragraph 2)

Oct ‌27 (Reuters) - United Parcel ‌Service raised its full-year profit ‌and revenue forecast on Tuesday, as higher-margin international air shipments ⁠aided profits ‌following its decision ⁠to cut millions ​of lower-margin deliveries for its largest ​customer, Amazon.com.

Atlanta-based ​UPS ‌now expects 2026 ​adjusted profit ⁠of around $7.28 per ‌share, compared ​with $7.22 ​it had forecast in July.

The company expects annual revenue of $92.6 ‌billion, compared with its previous ‌projection ​of $91.2 billion.

(Reporting by Lisa Baertlein and Nandan Mandayam; Editing ‌by Leroy Leo)