UPS' stock sinks after revenue falls below forecasts again, the full-year outlook disappoints
UPSUPS(UPS) Market Watch·2024-01-30 19:10

Shares of United Parcel Service Inc. UPS, -0.80% sank 5.2% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, again, and provided a downbeat 2024 outlook, amid weakness in both the U.S. domestic and international businesses. Net income dropped to 1.61billion,or1.61 billion, or 1.87 a share, from 3.45billion,or3.45 billion, or 3.96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.47 topped the Fac ...