06:34 AM EDT, 07/23/2024 (MT Newswires) -- United Parcel Service ( UPS ) reported Q2 adjusted earnings Tuesday of $1.79 per diluted share, down from $2.54 year earlier.

Analysts polled by Capital IQ expected $1.99.

Revenue for the quarter ended June 30 was $21.8 billion, compared with $22.1 billion a year earlier.

Analysts surveyed by Capital IQ expected $22.24 billion.

The company said it expects full-year 2024 revenue of about $93 billion, compared with prior guidance in a range of $92.0 billion to $94.5 billion. Analysts surveyed by Capital IQ expect $92.83 billion.

The company's shares were down nearly 7% during recent pre-market activity.

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