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Flat third-quarter domestic revenue is what United Parcel Service is projecting, the line that sits inside a second-quarter earnings report that beat Wall Street expectations Tuesday and prompted the company to raise its full-year guidance.
The upgrade and the flat domestic forecast coexist in the same release. Q2 beat and the annual raise UPS topped analyst estimates in the second quarter.
Management used that result to lift full-year guidance, signaling confidence in the annual trajectory. A guidance raise following an earnings beat is a familiar pattern.
The domestic Q3 projection attached to it is less familiar. The domestic Q3 number Flat is the company's own term for expected domestic third-quarter revenue.
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