06:50 AM EDT, 04/23/2024 (MT Newswires) -- United Parcel Service ( UPS ) reported Q1 adjusted earnings Tuesday of $1.43 per diluted share, down from $2.20 a year earlier.

Analysts polled by Capital IQ expected $1.35.

Revenue for the quarter ended March 31 was $21.7 billion, down from $22.9 billion a year earlier.

Analysts surveyed by Capital IQ expected $21.94 billion.

The global package delivery company said it continues to expect 2024 revenue of $92 billion to $94.5 billion. Analysts polled by Capital IQ are looking for $93.08 billion.