Why UPS Stock Is Up Today [Yahoo! Finance]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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US:NYSE Investor Relations:
investors.ups.com
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Source: Yahoo! Finance
Investors appear more relieved than excited, sending UPS shares up as much as 3% on the day and up 1.8% as of 11 p.m. ET. Holding ground in a difficult environment It has been a tough few quarters for major shipping companies . A period of post-pandemic inventory restocking fueled demand for transportation services, but in 2023, as doubts formed about the health of the economy, large corporate customers looked to cool their supply chains and cut back on expenses. The trend continued through the first three months of 2024. UPS earned $1.43 per share in the first quarter, beating Wall Street's $1.30-per-share estimate, but revenue of $21.7 billion was down 5.3% from last year and fell slightly below expectations. UPS saw average daily volumes decline by 3.2% in the quarter at its U.S. business and drop 5.8% on international. But the company made up for it via cost cuts, including a January announcement that it would shed 12,000 nonunion jobs as part of a plan to trim costs by $1
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UPS
News
- UPS Announces Quarterly DividendBusiness Wire
- Is UPS Stock Going to $169? 1 Wall Street Analyst Thinks So [Yahoo! Finance]Yahoo! Finance
- UPS Stock: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
- Increases to United Parcel Service, Inc.'s (NYSE:UPS) CEO Compensation Might Cool off for now [Yahoo! Finance]Yahoo! Finance
- United Parcel Service: Logistics Leader Still In The Bargain Bin [Seeking Alpha]Seeking Alpha
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