Here's Why Shares of UPS Dropped Thursday [The Motley Fool]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: The Motley Fool
Here's Why Shares of UPS Dropped Thursday The company reported soft quarterly results and provided an underwhelming second-quarter forecast. Shares of United Parcel Service ( NYSE:UPS ) fell by more than 7% on Thursday morning after the shipping giant reported first-quarter earnings that came in shy of expectations and provided guidance for the second quarter that disappointed Wall Street analysts. The company is still optimistic about full-year results, but members of management are giving themselves a lot of work to do in the second half of the year. UPS delivered first-quarter earnings of $1.39 per share on revenue of $17.16 billion, falling short of consensus analyst expectations for $1.41 per share in earnings on sales of $17.78 billion. The weakness was widespread: Domestic U.S. revenue came in at $10.5 billion in the quarter, about $200 million short of analyst forecasts, while international, at $3.6 billion, was about $100 million below consensus and supply chain was about $2
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UPS
News
- UPS Releases 1Q 2024 EarningsBusiness Wire
- What's in Store for These 5 Transportation Stocks in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Here's What To Anticipate From UPS' Q1 [Forbes]Forbes
- Estimating The Intrinsic Value Of United Parcel Service, Inc. (NYSE:UPS) [Yahoo! Finance]Yahoo! Finance
- UPS Gears Up to Release Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website