UPS profit miss raises stakes for 2019 holiday season; shares sink 7% [Reuters]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Reuters
UPS profit miss raises stakes for 2019 holiday season; shares sink 7% (Reuters) - United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading. Despite the rough start to the year, the world’s biggest package delivery company stuck by its forecast for 2019 earnings of $7.45 to $7.75 per share. That raises the pressure for Atlanta-based UPS, which is spending billions of dollars to modernize its network, to meet its targets during this year’s key winter holiday season. “There is pressure on management to execute at a high level during the peak,” Cowen and Co. analyst Helane Becker said in a client note. Shares in UPS were down 7.7 percent to $105.55 in morning trading. Operating profit in its U.S. domestic business, its biggest, dropped to $666 million in the quarter ended March 31, from $756 million a year earlier, largely due to an $80 million h
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UPS
Earnings
- 1/30/24 - Beat
UPS
Sec Filings
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- 3/22/24 - Form 4
- UPS's page on the SEC website